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Centaurus Metals (ASX Code: CTM, OTCQX Code: CTTZF) is pleased to advise that its 100%-owned Jaguar Nickel Sulphide Project in northern Brazil has been selected as a Strategic Minerals Project by the Brazilian Federal Government.
The Strategic Minerals Policy is part of the Investment Partnership Program – PPI (Programa de Parcerias de Investimento), a new Brazil governmental initiative designed to support companies while developing their projects across the country. The PPI program supports projects that are deemed as strategic mineral projects for Brazil.
According to the Ministry of Mines and Energy, the Policy acknowledges a strategic priority dimension to the projects carefully selected by the Inter-ministerial Committee of Analysis of Strategic Minerals Projects – CTAPME, providing the titleholder with specialised governmental support for the development of their projects.
CTAPME has members from several governmental agencies, such as the Ministry of Mines and Energy, the Science, Technology, and Innovation Ministry and the Special Secretariat of Strategic Affairs of the Presidency. The goal is to join governmental and private forces towards a more effective development of the country’s strategic projects.
This governmental initiative is an important step to encourage mining projects that are significant for Brazil’s growth and to provide the companies with tailor-made assistance to navigate the steps required towards implementation and development of their ventures in an environmentally sustainable manner.
This article includes content from Centaurus Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.