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28 May

Brazilian government, Vale to launch critical minerals fund

The Brazilian Development Bank (BNDES) has partnered with mining giant Vale to invest in a fund focused on critical mineral projects, Kallanish learns. The pair will subscribe to shares worth a minimum of BRL 100 million ($19m) and a maximum of BRL 250m each. They will each account for a quarter of the fund’s total committed capital. Primarily, the fund will finance the exploration and development of new mines to support the energy transition and soil ferti…
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