Brazil’s Senate Puts Critical Minerals Bill on Fast Track With Braga as Rapporteur
Brazil’s Senate will vote on the critical minerals bill in the week of 31 August 2026, with Eduardo Braga of Amazonas as rapporteur and about R$7 billion of public support on the table. The monetary council has cut sector credit to 3 percent a year. The post Brazil’s Senate Puts Critical Minerals Bill on Fast Track With Braga as Rapporteur appeared first on The Rio Times .
Brazil's Senate is set to vote on the critical minerals bill, with Senator Eduardo Braga of Amazonas named as its rapporteur. The legislation, PL 2780/2024, was approved by the Chamber of Deputies in May but has been awaiting a Senate decision for nearly four months. The bill has garnered public support amounting to around R$7 billion (US$1.36 billion).
This support comes from two instruments: a guarantee fund with R$2 billion (US$388 million) in federal funding, and a tax credit program valued at up to R$5 billion (US$971 million). The guarantee fund operates as a guarantee for loans provided by others, thereby reducing the perceived risk and the cost of financing for smaller mining companies.
The tax credit program rewards companies that process and transform minerals within Brazil. The bill also prioritizes promising areas in National Mining Agency auctions and grants a maximum, non-renewable term of ten years for mineral research authorizations. The credits are scheduled between 2030 and 2034, and companies must be headquartered and managed in Brazil to qualify.
The Senate's version of the bill, PL 4443/2025, presented by Senator Renan Calheiros, introduces a council to coordinate the sector, with differences from the Chamber's text lying in the council's powers and potential export taxes on strategic minerals.
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