Brazil’s Mining Fiscal Regime: H2 2015

GlobalData's fiscal regime report covers Brazil which is rich in mineral resources of bauxite, gold, iron ore, manganese, nickel, phosphates and platinum. The Brazilian mining industry is governed by the Ministry of Mines and Energy (MME) and the Brazil Geological Survey (CPRM). The Mining Code of 1967 regulates all mineral exploration and extraction activities in the country. The code specifies deposits and mines, and sets rules and regulations for authorization, concession, licensing and permits, and plans the duties of mining rights holders and regulating authorities, among others

Scope

The report outlines governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which includes royalty, corporate income tax, annual tax, withholding tax, depreciation rates, fees, exploration permit

Key Highlights

• Ministry of Mines and Energy is an apex body for the formulation and administration of regulations relating to the mining and energy industries resources.

• National Department of Mineral Production focuses on planning and promoting mineral exploration, and supervises geological and mineral technology.

• Brazil Geological Survey is responsible for performing geological and hydrological surveys, and also provides directives for the strategic discovery of minerals.

• Ministry of Science Technology and Innovation is responsible for developing a national policy on science, technology and innovation.

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Gain an overview of Brazil’s mining fiscal regime

Companies mentioned

Table of Contents

1 Executive Summary

2 The Brazilian Mining Industry – Governing Bodies

2.1 Ministry of Mines and Energy (MME)

2.2 National Department of Mineral Production (DNPM)

2.3 Brazil Geological Survey (CPRM)

2.4 Ministry of Science Technology and Innovation (MCTI)

2.4.1 National Commission of Nuclear Energy (CNEN)

2.4.2 Industrias Nucleares do Brasil SA (INB)

3 The Brazilian Mining Industry – Governing Laws

3.1 The Mining Code

3.2 Law No. 4.118

3.3 Law No. 6.189

3.4 Law No. 9765

4 The Brazilian Mining Industry – Mining Licenses

4.1 Exploration Authorization Permit

4.2 Mining Concession System

4.3 Environmental Impact Assessment (EIA) Study for Mining Activity

4.4 Environmental Licensing for Mining Activity

5 The Brazilian Mining Industry – Rights and Obligations

5.1 Rights

5.2 Obligations

6 The Brazilian Mining Industry – Key Fiscal Terms

6.1 Royalty

6.2 Corporate Income Tax

6.3 Annual Tax

6.4 Withholding Tax

6.5 Depreciation Rates

6.6 Fees

6.7 Exploration Permit

7 The Brazilian Mining Industry – Future Development

8 Appendix

8.1 Abbreviations

8.2 Secondary Research

8.3 Primary Research

8.4 Contact GlobalData

8.5 About GlobalData

8.6 GlobalData’s Services

8.7 Disclaimer

List of Tables

Table 1: The Mining Industry in Brazil – Fiscal Regime Terms and Other Taxes 2015

Table 2: The Mining Industry in Brazil – Uranium Licensing Fees (BRL), 2015

Table 3: The Mining Industry in Brazil – Federal Royalty (%), 2015

Table 4: The Mining Industry in Brazil – Mining Taxation (%), 2015

Table 5: The Mining Industry in Brazil – Depreciation Rates (Years and %), 2015

Table 6: The Mining Industry in Brazil – Fee (in BRL), 2015

List of Figures

Figure 1: The Mining Industry in Brazil – Commodity Mines at Different Stages (Number of Mines), 2015

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