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ARTICLE · 12 MARCH 2013

Mining Industry In Brazil: 2012 Year In Review

Mayer Brown
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In this 2012 Year in Review, we summarize some of the mining industry’s most noteworthy developments.

BrazilEnergy and Natural Resources

Keywords: mining, Brazil, Mining Code, M&A,

In this 2012 Year in Review, we summarize some of the mining industry's most noteworthy developments, with a particular focus on the legal environment, the current economic climate, the major M&A transactions and the potential opportunities and challenges for 2013.

Legal Environment

As has occurred in many other countries during the last decade, there has been debate in Brazil about the current mining legal framework, which dates from 1967. President Rousseff's administration is currently working on a new Mining Code, a draft of which is expected to be sent to the National Congress during the first half of 2013.

Following the model applied in the oil and gas industry, it is expected that the New Mining Code will boost competition among mining companies with the introduction of a bidding process for the acquisition of certain mineral rights. Additionally, the new law should incentivize the exploration and/or

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