Released January 17, 2025 | SUGAR LAND
en
Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Saudi mining company Ma'aden (Riyadh, Saudi Arabia) and the United Arab Emirates plan to invest substantial sums in Brazil's mining sector, Brazil Minister of Mines and Energy Alexandre Silveira said during his trip this week to the Arab Gulf region.
Silviera said Ma'aden will invest about 8 billion Brazilian reais (US$1.3 billion) to establish offices in Brazil and deepen its exploration, research and production of critical minerals. Silveira made the announcement during his attendance at the Future Minerals Forum in Riyadh.
"This opens up the prospect of very substantial resources; they have mentioned something in the region of (reais 8 billion) for geological mapping in Brazil. We know that we need to learn more about our subsoil for research and partnerships with the Brazilian mining sector so that we can make sustainable and adequate use of the Brazilian subsoil. There is no (energy) transition without mining", he said.
Additionally, Silviera signed a memorandum of understanding (MoU) with the United Arab Emirates Ministry of Investments to promote the exploration and development of strategic minerals for the energy transition.
The partnership foresees investments of 15 billion reais (about US$2.4 billion) in research, processing, commercialization, technology transfer and training.
The MoU includes the promotion of investments in exploration, extraction, processing, refining and mineral marketing of strategic minerals.
Brazil seeks to become a powerhouse in the development of cleaner energies, ranging from the supply of raw materials to the development of the renewable energy value chain and its deployment.
Brazil contains significant resources of rare earths, graphite, nickel and lithium, all key elements to the transition to cleaner energies. While it already produces these minerals, the government of Luiz Inacio Lula da Silva aims to expand its production further and make Brazil a renewable energy value-chain hub for companies.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
Silviera said Ma'aden will invest about 8 billion Brazilian reais (US$1.3 billion) to establish offices in Brazil and deepen its exploration, research and production of critical minerals. Silveira made the announcement during his attendance at the Future Minerals Forum in Riyadh.
"This opens up the prospect of very substantial resources; they have mentioned something in the region of (reais 8 billion) for geological mapping in Brazil. We know that we need to learn more about our subsoil for research and partnerships with the Brazilian mining sector so that we can make sustainable and adequate use of the Brazilian subsoil. There is no (energy) transition without mining", he said.
Additionally, Silviera signed a memorandum of understanding (MoU) with the United Arab Emirates Ministry of Investments to promote the exploration and development of strategic minerals for the energy transition.
The partnership foresees investments of 15 billion reais (about US$2.4 billion) in research, processing, commercialization, technology transfer and training.
The MoU includes the promotion of investments in exploration, extraction, processing, refining and mineral marketing of strategic minerals.
Brazil seeks to become a powerhouse in the development of cleaner energies, ranging from the supply of raw materials to the development of the renewable energy value chain and its deployment.
Brazil contains significant resources of rare earths, graphite, nickel and lithium, all key elements to the transition to cleaner energies. While it already produces these minerals, the government of Luiz Inacio Lula da Silva aims to expand its production further and make Brazil a renewable energy value-chain hub for companies.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).
