Global Business Reports (GBR) is thrilled to present the 2023 edition of our Brazil Mining report. Brazil stands at the precipice of a transformative moment for the country’s mining industry, with US$50 billion in total capex projected for the sector in the 2023-2027 period. It is demonstrative of the global enthusiasm for mining in the country, which benefits from a stable government, strong services sector, and, most importantly, extremely diverse mineral wealth. Brazil is the world’s largest producer of niobium and second largest producer of iron ore, magnesite, tantalum, and natural graphite, while ranking fourth for bauxite and fifth for lithium.

Global Business Reports conducted over 90 interviews with industry leaders in Brazil to gain a holistic understanding of the current trends and challenges defining the Brazilian mining industry today. As mining projects spring up across the country, they are taking a new and cutting-edge approach to sustainable operations. Brazil’s environmental legislation is among the strictest in the world, and after the Brumadinho and Mariana disasters and resultant regulations banning tailings dams, the Brazilian mining industry has become a leader in environmentally-friendly mining. With a wealth of renewable energy sources and growing solar and wind sectors, Brazil has the potential for true, net-zero mining.

Recognizing the opportunity to become a leader in supplying the critical minerals that contribute to the global energy transition, the Brazilian government has taken several steps to increase production, including increasing public and private financing for mineral research and project support, while loosening licensing requirements for strategic minerals projects. In 2022, the Brazilian government released the National Fertilizer Plan to reduce the country’s dependence on imports of fertilizers. Government support combined with strong international demand has created a perfect storm to boost Brazil's mining segment. The existing pipeline is strong, with new copper, lithium, polymetallic and potassium projects in exploration and development across the country.

The Brazil Mining 2023 report, part of our GBR Series, delves into these and other topics, providing a comprehensive annual guide to Brazil’s mining value chain. It offers an update on regulatory and legislative activities, current operations and projects, and the latest industry trends in one of the world’s most important and advanced mining jurisdictions.

We are deeply grateful for the participation of our partners and interviewees. Thank you for choosing Brazil Mining 2023 as your guide to the Brazilian mining industry.