The ‘New Regulatory Framework For Mining'

After more than seven years of discussions that have covered the mandates of three presidents and various formats, the federal government has finally published three provisional measures that, if converted into law, will mean important changes for the mining sector. Contrary to the reform supported by the previous government, these changes do not affect the essential characteristics of the current model, above all the right to priority and mining concession system as a rule for the exploration of minerals in the country. Amongst the most important changes for industrial mining activities, of note are the greater detailing of legal systems for the mining research and concession license, the creation of a National Mining Agency ('Agência Nacional de Mineração' – "ANM") and alterations to the regulations governing the application and calculation of 'Financial Compensation for the Exploration of Mineral Resources' ('Compensação Financeira pela Exploração de