Bidding Rounds
ANM’s bidding rounds aim to select investors interested in developing mining projects that returned to ANM’s portfolio due to different reasons, such as rejection of applications, forfeiture of titles, abandonment of mines, and withdrawal or waiver of mining rights.
The process comprises regular rounds of public offers of areas followed by e-auctions for those with two or more interested investors, with the area awarded to the bidder offering the highest fee.
The rounds are conducted in ANM’s Public Offer and Auction electronic system, SOPLE, and interested investors must be Brazilian citizens or establish a Brazilian mining company or subsidiary with headquarters and management in Brazil. No Brazilian capital or shareholder is required, with the only exception being the areas located in the borderland strip, a 150-kilometer zone along the country’s border. Additionally, foreign shareholders must be legally represented by an attorney in Brazil.
ANM also makes available a list of potential areas and an e-form for investors to indicate which areas they are interested in so that the Agency can evaluate the possibility of including such areas in future rounds of offers.