Mining mergers and acquisitions are expected to increase in Brazil.

During the clean energy transition, the number of mergers and acquisitions in Brazil’s mining sector will rise.

“We should see a lot of mining investments tied to the clean energy segment or initiatives,” Gabriel Ervilha, the head of investors relations at BNDES, told BNamericas.

Mining M&As are still in the early stages and only involve small sums of money.

Lithium Ionic, based in Canada, has agreed to pay US$3.2 million to Galvani Nordeste Mineracao in Minas Gerais for two lithium mining licences.

According to a press release from Lithium Ionic, the licences are close to Sigma Lithium’s Xuxa deposit and CBL’s lithium operation.

In addition, Lithium Ionic holds the Itinga lithium project in Minas Gerais, which consists of five licences totaling approximately 1,300 hectares in the Araceli lithium area.

Meanwhile, Gratomic has acquired three graphite exploration licences in the state of Bahia. The corporation purchased the Jacobina and Igrapiuna properties’ rights and interests.

Gratomic has projects in Namibia and Canada, among other places. The company wants to become a top worldwide graphite supplier and a major player in the electric vehicle battery supply chain.

Construction, Infrastructure and Mining   Group Media Publication
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