SAO PAULO, (Reuters) – Brazil’s new government, worried about growing foreign interests in its mining assets, is considering steps to limit foreign purchases of the country’s mines, newspaper Folha de S.Paulo said yesterday.
The government, which expects to send a draft legislation to overhaul the mining sector by June, will likely introduce mechanisms to create hurdles for buyers of Brazilian mines, Folha reported, without saying how it obtained the information.
Such mechanisms could include imposing minimum domestic supply quotas, Folha reported. Under the new legislation, the government could also restrict foreign participation in mining projects based
