Brazil to hold public consultation on mining rights to 3 projects

Bnamericas Published: Monday, April 11, 2022
Brazil to hold public consultation on mining rights to 3 projects

The Brazilian government will open a public consultation on plans to offer mining rights for three projects as part of efforts to diversify the industry and attract investors.

The three are Agrominerais Aveiro in Pará state, which comprises gypsum deposit Rio Cupari and limestone deposit Aveiro; the Santo Inácio diamond project in Bahia state; and the Ouro Natividade gold project in Tocantins state, the economy ministry said in a statement.

"The mining sector in Brazil is increasingly attracting a diverse group of investors. This is due to the scenario of rising commodity prices and also because in recent years the government has worked to open up the mining sector more to private investors, with the offer of new areas," Pedro Galdi, an equity analyst at Mirae Asset Wealth Management, told BNamericas.

The government will hold the public consultation on May 2-6, including meetings with investors interested in receiving more information about the projects. It plans to hold the auction for the three projects on September 21.

“These are mining projects of Brazil’s geological survey [SGB] that were paralyzed for about 30 years, but which will now receive new investments and will generate income and jobs for the population," said Martha Seillier, secretary at the partnerships and privatizations program (PPI), in the release.

Agrominerais Aveiro 

The gypsum areas comprise 2,887ha. Exploration carried out by SGB revealed resources of more than 350Mt with a high degree of purity, the agency said in a separate statement. 

The limestone deposit is about 30km away and exploration in a 998ha area identified resources of more than 500Mt.

The project was conceived with a view to supplying the agricultural sector and the winner will be able to mine both limestone and gypsum, the SGB said.

Santo Inácio

The project comprises five mining areas totaling 2,400ha. SGB carried out exploration between 1985 and 1989 comprising geological mapping, topographic surveying, geophysical prospecting, more than 7,000m of drilling and 22 wells.

A recent reassessment identified 245Mt of resources with a content of 0.75 carats per hundred tonnes, totaling 1.8 million carats, according to the SGB.

Ouro Natividade

The project area is 8,514ha and was surveyed by the SGB from 1991, finding primary gold in the Córrego Brejo das Lavras mine.

An update indicates a gold deposit with resources of approximately 725,000t averaging 1.02g/t gold.

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