Brazil Launches 20-Year Plan to Guide Mining Sector
Brazil's Ministry of Mines and Energy has launched a national mining programme to guide the Brazilian mineral sector over the next 20 years.
The 20-year mining plan, PNM-2030, will address the various stages of geology, mining and processing in an integrated manner.
Under PNM-2030, the ministry proposes creating a National Mineral Policy, strengthening the Regulatory Framework of Mining, bringing in changes in the granting of mineral titles, and introduce a new policy for mining royalties.
Minister of Mines and Energy Edison Lobao said the mineral sector witnessed sales of $157bn and generated revenues of $51bn in 2010, accounting for 25% of total Brazilian exports.
"It is important to emphasise that the ministry is responsible for formulating policies for economic activities that account for approximately 10% of Brazilian GDP, of which 4% are from the mineral sector," he said.