Brazil draft rule opens uranium mining to private partners
Geopolitics · Mining.com ·
Brazil plans to open its uranium mining sector to private investment, allowing state-controlled Nuclear Industries of Brazil (INB) to form joint ventures with private companies as long as it retains at least a 20% stake in each venture, according to a draft regulation seen by Bloomberg. The move would end INB's decades-long monopoly over the country's nuclear fuel cycle, letting partners explore, mine, process and sell uranium and other nuclear minerals. The proposal is under review at the Chief of Staff's office and the Mines and Energy Ministry.