PUBLICATION

Global Business Reports

AUTHORS

Aya Turk, Eneko Johnson

Brazil Mining 2024 pre-release

August 29, 2024

Brazil will find itself in the international spotlight later this year as it takes on the rotating presidency of the G20 in 2024 and prepares to host world leaders from the world's biggest economies in Rio de Janeiro this November. The summit's motto, 'Building a Just World and a Sustainable Planet', underlines the Lula government's attempts to make green diplomacy the fulcrum of Brazil's foreign policy. There are two central pillars to this policy: custodianship of the Amazon rainforest and the provision of critical minerals for the electrification of supply chains. The latter places an obligation for the mining industry in Brazil to grow and diversify, all whilst coming under greater scrutiny from over-stretched regulators.

Through our partnerships with ADIMB and the Toronto Stock Exchange and following over 80 interviews with leading companies operating in Brazil, we are happy to circulate our ‘Brazil Mining 2024’ pre-release! Brazil's mining sector continues its upward trajectory, with developments and projects across a suite of different minerals laying the foundations for the country to become a leading exporter of minerals crucial for the green energy transition. Going forward, access to capital and volatile commodity prices remain a challenge, however, initiatives like the BNDES and Vale’s strategic minerals investment fund are paving the way for future, strategic public-private collaborations.

RELATED INTERVIEWS MORE INTERVIEWS

Tembo Power is developing hydropower projects across Africa with a focus on DRC.
Chesser Resources is upbeat about its Diamba Sud gold resource in Eastern Senegal.
Robocon speaks with GBR about the outlook for its services in Peru.
"Our product innovation process involves gathering client feedback and submitting it to the factory, which determines which ideas to pursue based on economic considerations."

RECENT PUBLICATIONS

MACIG 2025 - Mining in Africa Country Investment Guide

It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.

MORE PREVIOUSLY PUBLISHED

MACIG

"Ukwazi means 'to know' in Zulu, and our specialist teams and industry experts integrate multiple knowledge disciplines."

SUBSCRIBE TO OUR NEWSLETTER