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Abstract
The revision of the Brazilian Mining Code has introduced some important changes in the mining legal framework, becoming effective after January 1997.1 From an international viewpoint, the most acclaimed change is that there is no longer any distinction between a Brazilian company and a Brazilian company of national capital which, in fact, after 1988 had precluded foreign investors from controlling mining operations. However, other “relatively minor” adjustments may have, in the medium term, a significant impact on the sector's attractiveness matrix, especially when focused from the Brazilian private sector interests.