In the edition of the newspaper Hoje em Dia this Monday, 10/21, the Founding Partner of Sion Advogados, Alexandre Sion, gave an interview to journalist Bruno Porto, in which he discussed the weaknesses of the new regulatory framework for the mining sector, as well as about the State's inability to carry out tenders for areas already known at the speed demanded by the sector.

“The State has no structure and the mineral discoveries that Brazil has experienced so far were the result of the private sector”, says Alexandre Sion.

He also points out another controversy that arises in the transition to the new rules: “Look at the hypothesis of reducing social capital. If a holder of mining rights granted under the aegis of the previous mining regime promotes the reduction of their share capital, there will be automatic inclusion in the new mining regime. Note that there is no change in the holder of the mining right, therefore, there is no justification for changing the mining regime simply because of corporate adjustment”.

Source: Hoje em Dia