Brasília – Brazil should have US$ 64.8 billion in private investment in the mining area from 2011 to 2015. Two thirds of the investment will be domestic. This information was disclosed by the president of the Brazilian Mining Institute (Ibram), Paulo Camillo Penna.
According to the Ministry of Mines and Energy, forecasted investment in mineral research for expansion or discovery of mines and in mining and transformation of minerals should total US$ 350 billion by 2030 – much of the funds should come from the private initiative.
The figures were presented on Tuesday (8), little before the disclosing of the 2030 National Mining Plan, by Mines and Energy minister Edison Lobão. "The plan shows measures to receive government support," said the director general at the Department for National Promotion of Mining (DNPM), Miguel Nery.
According to him, the plan is based on three guidelines: sectorial governance, sustainability through the supply of raw material for the transformation industry and technological value addition.
*Translated by Mark Ament
