Brazil's largest bauxite producer, MRN, has won an Ibama license to open new Amazon mines and keep the country's aluminum supply flowing out to 2041.
Mining
Key Facts
—The green light. Brazil’s environment agency, Ibama, has granted an installation licence for Mineração Rio do Norte’s New Mines Project in western Pará.
—The money. The plan carries about 9 billion reais ($1.75bn) of investment from 2027 to 2041, with a further 1.9 billion reais ($370m) earmarked for 2026.
—The output. The company aims to keep mining about 12.5 million tonnes of bauxite a year, the raw material for aluminium, out to 2041.
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