Brazil mine bill eyes regulator, mineral rights auctions

A bill presented to Brazil's Congress seeks to create an independent mining regulator with the power to auction mineral rights, set minimum investment levels and cancel concessions for companies that violate contracts, a draft seen by Reuters showed. The bill, put forward last week as the first part of a proposed overhaul of the country's 1967 mining code, is aimed at increasing government control over one of the country's main export industries.

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