Brazil should speed permits to offset royalty hike: Vale

Jun 20, 2013 | 12:31 PM | Carolina Guerra

Tags  Brazilian mining code, Vale, Murilo Ferreira, Franklin Feder, mining code, Murilo Ferreira, CFEM, Carolina Guerra

SÃO PAULO — Brazil must speed up procedures for obtaining mining permits to compensate for any increase in mining royalties under its new mining code, Vale SA president Murilo Ferreira said, according to local media reports.

"The emphasis of the regulatory framework on the fiscal aspect causes concern. However, any measure that simplifies and accelerates the process (of obtaining permits) is welcome," Ferreira told Brazilian official news agency Agência Brasil. ....

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