CENTRAL/SOUTH AMERICA STORIES

"We are just scratching the surface here"

After multiple unnamed sources reportedly told Reuters Monday that a significant changing of the guard could be coming to Brazil, the rumours have been confirmed: Brazil government officials have revealed plans to increase mining royalties and also put into place a new regulatory agency to oversee the industry.

Brazilian Mineral Industry Revitalization Program unveiled this week at Planalto Palace

Brazilian Mineral Industry Revitalization Program unveiled this week at Planalto Palace

While initial reports could not pin down the royalty rate increase, Mining and Energy Ministry president Michel Temer said at the unveiling of the Brazilian Mineral Industry Revitalization Program at Planalto...

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