• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 2 days The Discount Airline Model Is Coming for Europe’s Railways
  • 16 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 day Pakistan: "Heart" Of Terrorism and Global Threat
  • 11 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 4 hours Starvation, horror in Venezuela
  • 12 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Venezuela set to raise gasoline prices to international levels.
  • 24 hours Are Trump's steel tariffs working? Seems they are!
  • 2 days WTI @ 69.33 headed for $70s - $80s end of August
  • 2 days Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 4 hours China goes against US natural gas
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 5 hours Why hydrogen economics does not work
Alt Text

Miners Are Looking To Ramp Up Lithium Production

Lithium prices have withstood all…

Alt Text

Peak Lithium Won’t Happen Anytime Soon

Peak lithium is not happening…

Alt Text

The Precious Metal Heading For A Supply Squeeze

Africa’s mining industry has had…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

This Region Is China’s Next Target For Resource Deals

Brazil

South Africa’s chamber of mines officially filed suit this week to block the country’s challenging new mining charter. But elsewhere in the world, some of the biggest investors in natural resources are ramping up their financial commitments — to a new target region for mining and energy deals.

Latin America.

Specifically, Brazil. Where government officials announced that a major new infrastructure fund backed by China will begin accepting investment proposals this week.

The $20 billion fund was unveiled late last year. With Chinese backers committing $15 billion of the total funds, and the balance provided by Brazilian and international banks.

The focus is infrastructure to speed resource development across Brazil. With officials saying the fund will focus on rail projects, particularly those that link agricultural regions for crops like soy and corn to ports — where these commodities can be shipped abroad.

The move confirms a trend that’s been crystallizing over the last year: a big move by China into the resource sector of South America. Coming on the heels of major mining deals for Chinese firms in places like Argentina.

Those deals have expanded China’s resource influence on the continent — moving outside of initial Chinese investment destinations like Peru and Ecuador. Showing that big investors like what they see in this part of the world, and are pursuing more growth opportunities here.

Brazil however, has been notably absent from Chinese plans up until recently. With even the high-impact oil sector here seeing few Chinese companies involved in projects.

That now appears to be changing — given a slew of projects proposed by Chinese entities in Brazil over the past year. Including a $10 billion “dollars for oil” loan between China Development Bank and Petrobras.

The new $20 billion fund will accelerate China’s influence in Brazil. And could be beneficial to resource projects here — which can piggyback off new rail and other infrastructure to move supplies of minerals, petroleum and agricultural goods to market. Watch for specific projects approved for development by the fund.

Here’s to seeding new ground.

By Dave Forest

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News