Australian Mining Companies in Brazil
Two Australian companies have purchased dozens of mining rights in Brazil, intending to invest heavily in extracting rare earth elements. However, this has raised concerns among local communities due to potential environmental threats.
The towns of Poços de Caldas and Caldas, with populations of 163,000 and 14,000 respectively, are at the center of this issue. The region holds a significant deposit of rare earth elements, with high concentration levels, making it a crucial location for energy transition technologies and the military industry.
“nobody will lay hands on” Brazilian minerals
According to President Lula da Silva, the Brazilian government is committed to protecting its mineral resources, as evident from his statement in July. This comes amidst trade disputes involving the United States, China, and Brazil.
- Poços de Caldas: 163,000 residents
- Caldas: 14,000 residents
- Significant deposit of rare earth elements
- Crucial for energy transition technologies and the military industry
Australian mining giants are investing big, but locals are worried about the environmental impact.