Brazil updates mining legislation; creates new regulatory agency [UPDATED]

The Brazilian government issued presidential decrees on Tuesday July 25, that updated the country's mining code to make it "more modern” and “less bureaucratic”.

“[This measure] intends to de-bureaucratise [the mining industry] to attract more investment from the private sector,” Brazilian mining ministry chief Fernando Coelho Filho said. The new mining code, which replace legislation published in 1967, changes 23 clauses, he added. Under the new regulations, a new mining agency has been created - Agência Nacional de Mineração. The agency replaces the national department of mining production (DNPM). The law also changes the permitting...

Published

Ana Paula Camargo

Danielle Assalve

July 25, 2017

22:14 GMT

São Paulo