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New rules for the mineral deposits declared available

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6/29/2017 12:00 AM Demarest News

New rules for the mineral deposits declared available

In this month of June, the National Department of Mineral Production ("DNPM") has published the projects under development by DNPM in partnership with the Research Company of Mineral Resources ("CPRM") and the Ministry of Mines and Energy ("MME"). Among the topics addressed, the main one refers to the adoption of new rules and criteria to the bidding procedures related to the mineral deposits declared available.

The so-called "available areas" are actually the ones returned to the DNPM, whenever the holder of a mining license /authorization loses its right to research or to explore such mining area, and the area is still considered non-exhausted and economically viable.

In the current model, the bidding of the mineral deposits is made through the competition with the criteria of highest grade for technical proposals. This model has been seen as time-consuming, bureaucratic and subjective. Having in mind investment attraction and the promotion of the sector, the objective criteria of the highest bid for competition is being proposed. The winner will have a 30 days deadline to protocol with DNPM the research requirement for the issuance of the new mining right. The proposal is that the biding processes occur through an electronic tender procedure.

The expectative of the MME is that the first online bid takes place until the end of 2017, with the offer of about a thousand mineral deposits, mainly located at the states of Pará, Mato Grosso and Amapá. In this first batch, the available areas have indications of metallic and non-metallic mineral resouces, such as iron, copper, zinc, phosphor and potassium.

We are at your services should you need any further clarification on this matter.

Demarest Advogados

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