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Does Brazil favour mining?

April 26, 2017Brazil favour mining

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Does Brazil favour mining?

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“One of the Brazilian government’s priorities is to invest in mineral research and exploration”, says Minister of Mines and Energy, Dilma Rousseff. President Luiz Inácio Lula da Silva announced the completion of the first Geological Map of Brazil on a 1:1,000,000 scale. The task was accomplished by the Geological Service, part of the Ministry of Mines and Energy. “It is the most significant and important set of digitally available data in geology, geochemistry, and geophysics”. President Lula da Silva announced the allocation of US$56.6 million ($160 million reals) for the production of new geological maps until the end of his term in office. The new maps will cover 2.5 million square kilometers of Brazilian territory, a 72% increase in scope compared to what currently exists. According to the President, the goal is to expand the areas mined in Brazilian territory by 30%, adding US$1.9 billion ($6 billion reals) in mineral wealth to the Gross Domestic Product ( GDP ) and generating 500