Brazil to auction mineral exploration areas in November
Brazil’s geological service (SGB) announced the date for the auction of three mineral exploration areas.
The auction for the kaolin, gold and diamond areas will take place November 27.
"During October, notices will be published with more details about the process. These auctions represent a significant opportunity for investors interested in the Brazilian mineral sector," SGB said in a statement.
The areas to be offered are the Natividade gold project in Tocantins state, the Santo Inácio diamond project in Bahia state and Capim river kaolin project in Pará state.
The three were part of an auction in June when SGB offered five areas but they attracted no interest.
During the June auction, the first in the sector under the administration of President Luiz Inácio Lula da Silva who took office in January 2023, the Agrominerais Aveiro gypsum and limestone asset in Pará and the Miriri phosphate project in Paraíba and Pernambuco states received offers.
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