Business · Companies · 1 day ago
Ore Minerals says Chinese investors are interested in Brazil’s rare earths
Ore Minerals, a Brazilian mining company, says it is in advanced talks with foreign investors, including Chinese investors.
The discussions could bring funding and technology for rare-earth mining operations in Brazil.
Rare earths are minerals used in a range of technologies, and Brazil is seeking a larger role in supplying critical minerals.
Ore Minerals says its Rio Negro mine is three times larger than the Zundong mine in China, which it describes as the world’s largest rare-earth mine.
Separating rare-earth oxides can pose environmental challenges, and the company’s CEO says international partners could provide technology for processing and production.
The company says Brazil’s Ministry of Mines and Energy and Apex Brasil invited it to take part in an event in Beijing for the second year in a row.
The talks are ongoing, and the company has not announced a completed investment deal.
Ore Minerals is in advanced talks with foreign investors, including Chinese investors, interested in funding and providing technology for rare-earth mining in Brazil.
CEO João Gustavo de Morais said the company has signed non-disclosure agreements with some Chinese companies and investment funds.
Morais said Ore Minerals was invited for the second consecutive time to an event in Beijing, where it was selected as one of Brazil’s most promising mining companies.
He said the company’s Rio Negro mine is three times larger than China’s Zundong mine, which he described as the world’s largest rare-earth mine.
- Who
- Ore Minerals and foreign investors, including Chinese investors.
- What
- They are in advanced talks about investment and technology for rare-earth mining operations in Brazil.
- When
- Not stated.
- Where
- Brazil; Ore Minerals was also invited to an event in Beijing.
- Why
- The investors are interested in supporting rare-earth mining operations, including with capital and technology.
This story does not have two clearly opposing sides.
The Chinese are very interested in the country.
Brazil is positioning itself as a leading player in the world of critical minerals.
We don't need to reinvent the wheel; we can copy what works in other countries.
This story does not have a timeline yet.
- Company
- Ore Minerals
- CEO
- João Gustavo de Morais
- Investor interest
- Foreign investors, including Chinese investors
- Mine comparison
- Rio Negro is three times larger than China's Zundong mine, according to Morais
- Beijing event
- Ore Minerals was invited for the second consecutive time
Sources
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