Brazil — Historical Events Description

Brazil flag
Brazil
Event
Mining Royalty Rules Updated (CFEM) (Law No. 13,540)
Category
Economic
Date
2017-12-18
Country
Brazil
Description

This changed rules on the CFEM (financial compensation for the exploitation of mineral resources). The law updated how the mining royalty system works under the referenced statutes. This mattered because CFEM affects government revenue from mining and how funds are distributed. It also affects mining companies through changes in calculation and collection rules.