Brazil Proposes National Policy to Boost Critical and Strategic Minerals Sector
Deputy Arnaldo Jardim proposes a robust National Policy on Critical and Strategic Minerals in Brazil, including fiscal incentives, governance structures, and sustainability measures amid growing international interest.
- • Deputy Arnaldo Jardim proposes a National Policy addressing critical and strategic minerals.
- • The policy includes fiscal incentives like income tax exemptions and extends Lei do Bem to mining.
- • The Critical and Strategic Minerals Council (CMCE) will govern policy implementation.
- • U.S. interest in Brazil's minerals ties to possible trade negotiations.
- • Sustainability measures include a Low Carbon Mineral Certificate and a dedicated investment fund.
Key details
Deputy Arnaldo Jardim (Cidadania-SP) has introduced a legislative proposal establishing a National Policy on Critical and Strategic Minerals aimed at fostering the exploration and sustainable development of Brazil's mineral resources. This comprehensive policy package includes fiscal incentives such as income tax exemptions for trademarks, patents, and technology licenses, as well as extending the Lei do Bem—previously limited to other sectors—to mining activities, encouraging research and development within the industry.
The proposal also encompasses the creation of a special customs regime and allows the issuance of incentivized debentures that are tax-free for investors. An innovative governance structure, the Critical and Strategic Minerals Council (CMCE), would oversee policy implementation by defining guidelines, prioritizing projects, and promoting international partnerships.
A private fund is envisioned to mitigate credit risks associated with mineral exploration, complemented by a voluntary Low Carbon Mineral Certificate aimed at encouraging sustainable mining practices. Furthermore, a National Register of Critical and Strategic Minerals Projects is planned to centralize data from federal, state, and municipal levels.
Notably, the United States has expressed interest in accessing Brazil's critical minerals, potentially integrating this engagement into trade negotiations, which may include tariff reductions on Brazilian exports. Arnaldo Jardim has urged prompt legislative consideration of the proposal, highlighting its strategic importance for economic stability and Brazil's position in global mineral markets. However, no date has yet been set for the bill's review.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.