Mining reform coming to Brazil... Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral extraction.
The bill, first unveiled in 2009, is expected to create an independent regulator, establish auctions for strategic minerals and impose tougher exploration and development schedules for concession holders.
The expected changes are significant enough to have prompted companies to delay billions of dollars in planned investments as they wait for a clearer idea of the legal framework that will govern them and help determine their bottom line.