Foto: Palácio do Planalto Flickr.
China, through its state-owned company Nonferrous Trade Co. Ltd, has acquired the Pitinga mine in the Amazon for $340 million, becoming the owner of Brazil's largest tin reserve. This strategic project, previously controlled by Peru’s Minsur, contains critical minerals such as tin, niobium, and tantalum, essential for the aerospace and electronics industries. With an estimated operational lifespan of 100 years, the mine includes a hydroelectric plant to ensure a stable energy supply.
The purchase is part of China's growing presence in Latin America's mining sector but has sparked controversy. Brazilian Senator Plínio Valério criticized the deal, arguing it jeopardizes national sovereignty by handing over strategic resources to a foreign power. Valério advocates for these resources to be exploited by the Brazilian state through the nuclear agency INB and plans legal action to halt the operation.
Meanwhile, Mineração Taboca, the previous owner, highlighted that the sale will allow access to new technologies and enhance competitiveness. However, the deal is subject to regulatory approval. The Pitinga mine, located 300 km north of Manaus, has been crucial for local economic development but raises concerns about sustainability and environmental protection due to its impact on the Amazon region.
Main Source:
China se convierte en dueña de la mayor minera de estaño de Brasil: pagó US$340 millones por el proyecto – La República
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External Links:
China compra mina com urânio na Amazônia por quase R$ 2 bi – Revista Oeste
Minera brasileña vendida a empresa china aclara que no tiene permiso para explotar uranio – Infobae
