BRAZIL MINERAL POLICY

Brazil is a country of great geologic potential, being a large produce r of many minerals, The country has a favourable regulatory framework, tax policy and foreign investment legislation. Although there are str ict environmental requirements, mining ventures can satisfactorily cop e with them and they represent no obstacle to mining activities. Effic ient regulatory agencies are in place, such as the Department of Mines (DNPM) and the Geological Survey (CPRM), The Brazilian mineral policy is set out in a number of different documents, the more important bei ng the Federal Constitution and the Mining Code. Important constitutio nal amendments have been recently passed, so as to open Brazil's econo my to foreign investments, Brazil's mineral sector is free to investme nts from abroad, (C) 1997 Elsevier Science Ltd.