By Brazil Stock Guide – Brazil and Saudi Arabia signed a five-year memorandum of understanding to deepen cooperation in the mining sector, opening the door for private companies from both countries to participate in exploration and mining licenses under each nation’s legal framework.
The agreement was formalized on Tuesday (13) in Riyadh by Brazil’s Mines and Energy Minister Alexandre Silveira and Saudi Arabia’s Minister of Industry and Mineral Resources Bandar Al-Khorayef. The deal sets out guidelines for bilateral collaboration aimed at boosting investment flows, technological development and knowledge sharing in geology and mining.
Under the memorandum, the two governments plan to encourage joint initiatives such as exchanges of technical experts, professional training programs and technology transfer. The cooperation is designed to support exploration, mineral processing and value-added activities, particularly involving minerals considered strategic for industrial development and the energy transition.
Brazil’s government is seeking to attract foreign capital to expand its mineral transformation chain, aligning the sector with broader industrialization and technological advancement goals. As part of the talks, the Ministry of Mines and Energy is evaluating the creation of a Brazil–Saudi Arabia Mining Investment Alliance focused on exploration, processing and value creation.
During his visit to Riyadh, Silveira attended the fifth Ministerial Roundtable of the Future Minerals Forum and held meetings with Saudi government officials. His international agenda runs through Saturday (25) and includes a subsequent visit to Shanghai, China.
In an official statement, Silveira said: “Brazil is building strategic alliances with countries that share a vision of the future based on development, innovation and the energy transition.” On Tuesday (13), he also sought support from Saudi Arabia’s Public Investment Fund for projects aimed at mapping Brazil’s mineral potential, noting that only about 30% of the country’s subsoil has been mapped so far.
Silveira further expressed interest in hosting representatives of Manara Minerals Investment Company, a Saudi-backed mining investment firm, in Brazil as part of efforts to strengthen long-term partnerships and expand foreign participation in the sector.