Brazil Signs R$ 15 Billion Partnership with UAE for Strategic Mineral Exploration, Celebrating 50 Years of Relations and $815 Million Financing

Jan 12, 2025, 12:45 PM

Brazil has signed a partnership agreement worth R$ 15 billion with the United Arab Emirates aimed at the exploration of strategic minerals. This agreement marks a significant milestone in the diplomatic relations between the two nations, which are celebrating 50 years of cooperation. The partnership will involve investments in areas such as mineral research, processing, marketing, technology transfer, and workforce training, according to the Ministry of Mines and Energy. Additionally, Brazil is offering $815 million in financing for projects that will enhance the development of critical minerals within the country.