Brazil to Restrict Foreign Mining

Wednesday, January 26th 2011 - 23:46 UTC

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Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported. Read full article

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GeoffWard
*Watch this Space*

Its time to decide what you want to do with your shares in Vale.

Dilma will protect Brasilian geological assets through public - private partnerships with the essential involvement of 'minor' private Brasilian contractors and a major 'state-owned/dominated' principal contractor - Vale. Foreign companies from (mostly) China will contract as the 'foreign partner'.
There will be increased emphasis on ore->metals industries *within* Brasil - fine metals of a quality urgently required world-wide. These industries are likely to have the same ownership characteristics.

I am developing a distinct impression that Brasil really does want to join the group of Developed States - all the early signs are pointing in this direction.
Jan 27th, 2011 - 02:00 pm - Link - Report abuse 0
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