Brazil Mining Projects Fund

The Ministry of Mines and Energy (MME) and the National Bank for Economic and Social Development (BNDES) announced the launch of the Strategic Minerals Investment Fund (FIP) activities in Brazil.

The FIP Strategic Minerals Investment Fund aims to raise over R$1 billion (US $200 million) with the goal of promoting new mineral ventures that are essential for the energy transition, decarbonization, and sustainable food production.
 
The Fund will prioritize minerals that are essential for the energy transition and decarbonization, such as cobalt, copper, tin, graphite, lithium, manganese, rare earth ores, platinum group ores, molybdenum, niobium, nickel, silicon, tantalum, titanium, tungsten, uranium, vanadium, and zinc. Additionally, it will also focus on phosphate, potassium, and remineralizers, which are fundamental minerals.

In May, the public selection of projects eligible for funding is expected to open , with the results of funding requests to be announced in October.

This represents an excellent opportunity for American companies that are already working on projects in Brazil or have the potential to supply equipment in the near future.

For additional information on opportunities in rare earth mining or exporting to Brazil, please contact  Tulio.Teixeira@trade.gov.