Brazil unveils strategic mineral plan for 2024-27

The Brazilian Mining Authority (ANM) recently published its 2024-27 strategic plan for mineral resources, according to the BNAmericas website.

The plan covers six main areas: (1) action to improve security; (2) encouragement to follow sustainable practices; (3) creation of an investment

 climate favourable to research, production and mineral processing; (4) increase in the reserves of strategic minerals needed for the energy 

transition; (5) expansion of the supply of minerals needed for food security; and (6) improvement of the socio-economic conditions in the 

municipalities in which the mines are located.

Brazil's mining industry is heavily dependent on iron ore, and the country's government and industry stakeholders are now trying to push 

forward with mining diversification.

These efforts have focused on minerals related to the energy transition, and some progress has been made.

‘We are launching an internal study of the 2025-29 investment plan in the mineral resources sector. Investments in projects related to

 the energy transition are already showing signs of growth, mainly in lithium’, according to Paulo Soares, director of the Outreach Department of the 

Brazilian Mining Association.

Brazil has also made some important progress in the exploration and development of strategic minerals such as lithium and rare earths.

lithium (chemistry)

Australian-listed Pilbara Minerals buys all of Latin Resources Limited, which owns the Salinas lithium mine in Minas Gerais state.

‘This acquisition follows a long period of intensive evaluation on our part, and we believe Latin Resources‘ Salinas lithium mine is the 

preferred target by a range of key metrics,’ Pilbara manager and CEO Dale Henderson said in a statement.

‘In addition, over the past six months we have undertaken intensive due diligence to fully understand this asset and the potential

 of the region. Importantly, this acquisition enhances Pilbara Shovel's capabilities in hard rock lithium resource delineation, project 

development, operations and marketing’, he said.

The investment presentation stated that the Salinas project would require an investment of $308 million, with $253 million in the first 

phase and $55 million in the second phase.

rare earths

Aclara Resources has signed a Memorandum of Understanding (MoU) with the State of Goiás to accelerate the development

 of the Carina rare earth project.

The plan includes the construction of a refinery in the city of Nova Roma, with a planned investment of R$2.8 billion ($513 million).

‘The project will be built in one of the most urgent needs in the state of Goiás and will not have any negative impacts,’ Goiás Governor 

Ronaldo Caiado said in a statement.

The project has a two-year construction period and will be commissioned within 62 months.

The company has partnered with educational institutions to train the local labour force, giving priority to hiring locals and purchasing

 products and services from the State of Goiás. The project is expected to generate 5,700 jobs.

Acela is also developing the Penco rare earth project in Chile.

The plan covers six main areas: (1) action to improve security; (2) encouragement to follow sustainable practices; (3) creation of an investment 

climate favourable to research, production and mineral processing; (4) increase in the reserves of strategic minerals needed for the energy 

transition; (5) expansion of the supply of minerals needed for food security; and (6) improvement of the socio-economic conditions in

 the municipalities in which the mines are located.

Brazil's mining industry is heavily dependent on iron ore, and the country's government and industry stakeholders are now trying to

 push forward with mining diversification.

These efforts have focused on minerals related to the energy transition, and some progress has been made.

‘We are launching an internal study of the 2025-29 investment plan in the mineral resources sector. Investments in projects related to

 the energy transition are already showing signs of growth, mainly in lithium’, according to Paulo Soares, director of the Outreach

 Department of the Brazilian Mining Association.

Brazil has also made some important progress in the exploration and development of strategic minerals such as lithium and rare earths.

lithium (chemistry)

Australian-listed Pilbara Minerals buys all of Latin Resources Limited, which owns the Salinas lithium mine in Minas Gerais state.

‘This acquisition follows a long period of intensive evaluation on our part, and we believe Latin Resources‘ Salinas lithium mine is 

the preferred target by a range of key metrics,’ Pilbara manager and CEO Dale Henderson said in a statement.

‘In addition, over the past six months we have undertaken intensive due diligence to fully understand this asset and the potential 

of the region. Importantly, this acquisition enhances Pilbara Shovel's capabilities in hard rock lithium resource delineation, project

 development, operations and marketing’, he said. 

The investment presentation stated that the Salinas project would require an investment of $308 million, with $253 million in 

the first phase and $55 million in the second phase.

rare earths

Aclara Resources has signed a Memorandum of Understanding (MoU) with the State of Goiás to accelerate the development of 

the Carina rare earth project.

The plan includes the construction of a refinery in the city of Nova Roma, with a planned investment of R$2.8 billion ($513 million).

‘The project will be built in one of the most urgent needs in the state of Goiás and will not have any negative impacts,’ Goiás Governor 

Ronaldo Caiado said in a statement.

The project has a two-year construction period and will be commissioned within 62 months.

The company has partnered with educational institutions to train the local labour force, giving priority to hiring locals and purchasing

 products and services from the State of Goiás. The project is expected to generate 5,700 jobs.

Acela is also developing the Penco rare earth project in Chile.