Industry

Government speeds up approvals for mining exploration to up to 120 days

Brazilian mining lobby group Ibram praised a government decision to speed up approvals for mining exploration. Under new rules, the National Mining Agency (ANM) will have to rule on exploration requests within 120 days, and if the deadline passes, the request will be automatically approved. This will “create a more favourable environment” for raising funds for mining in Brazil, Ibram’s Chief Executive Flavio Penido said.

Source: Reuters