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Brazil Holding Auction for First Investment Partnership Program (PPI) Mining Project

RIO DE JANEIRO, BRAZIL - The Brazilian Geological Service (CPRM, formerly known as the Mineral Resources Research Company), linked to the Ministry of Mines and Energy, will offer for bids today, October 21st, the mining rights to the 'Polimetálico de Palmeirópolis' Complex, in the State of Tocantins.

This is the first mining project carried out within the Investment Partnership Program (PPI), to be provided to the private sector.

The deposit is "polymetallic" meaning it contains such elements as zinc, copper, lead, and gold, in sufficient amounts for economic exploitation.

The government estimates that it will raise R$15 million . . .

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