RIO DE JANEIRO : Brazilian miner Vale SA has given up all rights to mining prospects on indigenous lands in Brazil, recognizing that they require the consent of the communities and legislation regulating such activity, the company said on Wednesday.
In the coming days, the company will file withdrawals and waivers for 15 remaining mining prospects that overlap with part of the Xikrin do Cateté reservation in Para, the northern state where Vale, one of the largest global producers of iron ore, extracts much of its mineral. The company's decision came as Brazil's Supreme Court debates the constitutional validity of a cut-off date for indigenous land claims, which the government of President Jair Bolsonaro and farm sector have promoted in order to give farmers legal certainty in land disputes in the agricultural powerhouse.
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