Bnamericas reported that Brazilian mining regulator ANM has announced the final results of its fifth round of offers of areas for mineral exploration. The rounds are part of efforts to diversify mining production and attract investment. ANM said 4,500 areas were offered, with 1,123 areas acquired in the public offering stage, when only one participant showed interest. But 1,098 areas were auctioned because several proposals were submitted for each. The auctions raised USD 21.4 millionFor 2022, ANM seeks to launch four more public offers regarding areasBrazil is highly dependent on relatively few mining products, with iron ore representing two-thirds of sector revenue, followed by gold and copper.
Bnamericas reported that Brazilian mining regulator ANM has announced the final results of its fifth round of offers of areas for mineral exploration. The rounds are part of efforts to diversify mining production and attract investment. ANM said 4,500 areas were offered, with 1,123 areas acquired in the public offering stage, when only one participant showed interest. But 1,098 areas were auctioned because several proposals were submitted for each. The auctions raised USD 21.4 millionFor 2022, ANM seeks to launch four more public offers regarding areasBrazil is highly dependent on relatively few mining products, with iron ore representing two-thirds of sector revenue, followed by gold and copper.
