Vale Wants Brazil’s Mining Output to Reach US$99 Billion a Year by 2035
This is not a spending plan. It is a list of things Vale wants the next government to do, with a number attached to what happens if it does them. The post Vale Wants Brazil’s Mining Output to Reach US$99 Billion a Year by 2035 appeared first on The Rio Times .
Brazilian mining giant Vale has released a report outlining a policy agenda for the country's mining sector, aiming to increase its output to US$99 billion per year by 2035. The report, commissioned by Vale and produced by Accenture, is not an investment plan but rather a set of asks for the next Brazilian government. The document's focus is on policy changes rather than financial projections, as it is designed to influence the presidential election in October 2026.
The report outlines four main areas of focus: licensing and mining fundamentals, integrating the mineral chain, the business and regulatory environment, and shared value creation. Specific actions include standardizing the permitting process, enhancing agencies responsible for mining regulation, modernizing mineral title management, and encouraging private companies to participate in geological mapping.
The report also highlights potential economic benefits, estimating that the mining sector could contribute R$1.3 trillion (US$241 billion) in taxes from 2026 to 2035, up from R$750 billion (US$139 billion) in the previous decade. This projection is conditional on the implementation of the outlined policy measures.
Job creation is another key aspect of the report, with an estimated 5.3 million jobs supported by the sector by 2035, compared to 3 million today. This represents an increase of 2.3 million jobs. The report notes that only 2.3 million of these new jobs would be directly created by the mining sector, with the remaining jobs resulting from supplier relationships and the spending of mining workers' wages.
While the document is primarily aimed at shaping the candidates' manifestos, it also reflects the increased public pressure on the government to improve mining permitting and regulation. The report emphasizes that whichever country can make its permitting process more predictable and efficient will attract more capital investment from Latin American resource-rich nations, such as Chile and Peru.
Investors in Brazilian mining equities should pay close attention to whether any of the 15 proposed measures appear in the winning candidate's election platform, as this will significantly impact the sector's future performance.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
