LEADERSHIP & STRATEGY

42 ed by bad news stories ,” he laments . “ There has been a lack of support from government agencies , also blurred by corruption scandals and underpinned by antiquated bureaucratic tenement , environmental management and licensing processes which have discouraged investment .”

Brazil has undoubted potential to host world class deposits of nearly all mineral commodities , which is why Hill believes the mining sector can underpin economic growth for years to come . However , to unlock that potential regulatory change , Hill cites the recent election bringing Bolsonaro to power as a vote for material change in the way Brazil is managed , rather than a vote for any particular political or social ideology . The recently launched National Mining Agency ( ANM ) replaces the National Department of Mineral Production and , based on a new regulation of the mining code that gives more legal security , is tasked with ‘ promoting the management of the mineral resources of the Federal Government , as well as the regulation and inspection of activities for the use of mineral resources in the country .’ Is Hill confi-

— Jon Hill , Vice President , Geology & Exploration , Jaguar Mining

APRIL 2019