LEADERSHIP & STRATEGY
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Brazil ’ s mining heritage has been dominated by the major players in the global iron-ore and base metals industry , led by Vale , BHP and Nexa Resources .
Despite large-scale projects coming into production over the past decade , Brazil has lagged behind in the global race for investment and the development of its mining sector . The likes of AngloGold Ashanti and Kinross have delivered significant gold production , but only limited investment , especially in exploration . The junior exploration sector peaked in 2011 with over 50 junior explorers active in Brazil but fewer than 10 remained in 2018 and struggle to attract investment . When projects have been well managed and capitalised , success stories such as Avanco and Ero Copper have emerged .
With over 30 years ’ experience in the industry worldwide – and 12 years across Brazil in his previous role as Exploration Manager at AngloGold Ashanti - Jon Hill , Vice President , Geology & Exploration at Jaguar Mining , believes Brazil ’ s mining industry has been stagnant for too long , lacking a healthy balance of junior to mid-tier and major exploration investments . “ The past decade has been dominat-
APRIL 2019