Russia’s Rosatom and Brazilian firms have agreed to jointly exploit Brazil’s strategic mineral resources, sparking reactions in Brazilian media.
Russia and Brazil Establish Strategic Partnership
Russia and Brazil have reached a strategic agreement focused on the joint exploitation of strategic resources in Brazil. The deal involves the creation of a new company, Nadina Minerals.
The agreement was signed following the recent Nuclear Summit in Rio de Janeiro.
Joint Venture Details
Uranium ONE, a subsidiary of Rosatom, and the Brazilian group NBEPAR will establish Nadina Minerals to jointly exploit Brazil’s strategic resources, according to Brazilian media citing an official Rosatom statement.
Brazilian Media Reaction
Brazilian newspapers and online portals reported the news under headlines such as “Lula Does Business with Putin” and “Russia and Brazil Agree on Joint Mining of Strategic Minerals.” Lula refers to Brazilian President Luiz Inacio Lula da Silva.
Rosatom’s Focus on Uranium
According to Brazilian media reports, Rosatom is particularly interested in Brazil’s uranium deposits. Rosatom and Nucleo Brasił Energia will also collaborate on the exploration and extraction of Brazilian strategic minerals.
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