Brazil mining reform is raising costs for industry – Vale exec

September 18, 2017

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Mining reforms in Brazil are raising the cost of operating without generating increased interest in investing in the sector, an executive for world’s largest iron-ore producer Vale said on Monday.

Brazil President Michel Temer issued decrees in July to boost mining royalties, create a new industry regulator and streamline regulations, arguing that efficient and transparent rules would bring in more investment.

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