Centaurus Metals (ASX: CTM, OTCQX: CTTZF) has been informed by the Brazilian Federal Government that its 100%-owned Jaguar Nickel Sulphide Project has been selected as a Strategic Minerals Project.
The Strategic Minerals Policy is part of the Investment Partnership Programme – PPI (Programa de Parcerias de Investimento), a new Brazil governmental initiative designed to support companies while developing their projects across the country. The PPI programme 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.
Centaurus Metals Managing Director, Darren Gordon, said 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.
“The selection of the Jaguar Nickel Project as a strategic mineral project is further demonstration of the Project’s global significance and its strategic importance to Brazil. We applaud the Brazil government for introducing such a strong initiative for mineral projects considered to be of strategic importance to the country,” Mr Gordon said.
“The Jaguar Project will create many jobs for the local region and will contribute greatly to the local economies in which it operates in the form of royalties and taxes.
“We look forward to working with CTAPME and our many stakeholders as we continue on the path towards the development of Jaguar.”
For further information please visit: https://www.centaurus.com.au/
