Brazilian mining investment set to improve under new government, Appian exec says

Investors are optimistic of the future of Brazilian mining under the new federal government and there should be new opportunities in the industry, Appian Brazil chief executive officer Paulo Castellari told Fastmarkets.

President Jair Bolsonaro took office on January 1, 2019, and during his campaign he vowed to open up part of the country's protected lands to mineral exploration. Although regulation is stricter regarding tailings dams, the potential easing of rules for development on environmental-protected lands and the overall environment for investments are positive, Castellari said. Castellari was appointed by Appian Capital Advisory, the investment advisor to mining-focused private equity fund Appian Natural Resources, to lead its Brazilian operations. They include greenfield copper project Serrote and Santa Rita, a halted nickel operation. “My main focus is going to...

Published

Renato Rostás

August 12, 2019

13:56 GMT

São Paulo