LEADERSHIP & STRATEGY
44
FACT BOX
The rush for copper is on
Brazil is seeing a major tenement staking rush in the states of Mato Grosso and Para on the back of a rumoured significant Porphyry Copper discovery in the Juruena Magmatic Arc in northern Mato Grosso by privately owned junior explorer Bio Gold in JV with Anglo American . This has attracted the majors - Nexa ( also developing a base metals deposit in the region ), Codelco , Freeport , and Rio Tinto - and should be good news for the few remaining juniors who have managed to hold ground in the emerging Juruena Tapajos Belt — namely Alta Mira , Cabral , Serabi , TriStar , BBX , Crusader and PA Gold .
and agile process is vital to ensure benefits to the sector . “ It ’ s the state-run environmental agencies which need to talk to the federal ANM ,” he warns . “ There ’ s little interaction . Historically that ’ s brought the industry to a halt and reflects poorly on the previous government which lacked focus on stimulating job growth by attracting investment .”
APRIL 2019