South Africa coal phase-out delay could cause 32,000 deaths: report


The business entity reported that the measure helped curb imports, preserve more than 100,000 jobs, and stimulate the Brazilian economy. Billions of reais in foreign products were not purchased, while the tax bolstered state revenues, the confederation stated.
According to CNI, the tax has reduced unfair competition from imported products, particularly those from China, giving a boost to Brazilian industry.
The main objective of the tax, the confederation highlighted, is not to tax consumers but to protect the economy. “Making Brazilian industry competitive is essential to maintaining jobs and generating income,” said Marcio Guerra, CNI’s superintendent of economics.
The measure establishes a 20 percent import tax on international orders of up to USD 50. In practice, the tax is collected at the time of purchase, facilitating enforcement and reducing fraud. The rule took effect in August 2024 as part of the Remessa Conforme program, created to regulate international e-commerce.
With the new rule, the volume of orders has declined. Shipments to Brazil fell from 179.1 million in 2024 to 159.6 million in 2025.



Serra Verde operates the Pela Ema mine in Minaçu, in the state of Goiás. It is the only active ionic clay mine in Brazil, in operation since 2024. It is also the only producer of the most critical and valuable heavy rare earth elements outside Asia: dysprosium (Dy), terbium (Tb), and yttrium (Y). More than 90 percent of global rare earth extraction takes place in China.
According to the Brazilian mining company, the venture will enable the creation of the world’s largest company in the sector. Production in Goiás is in its first phase and is still considered modest, but is expected to double by 2030.
“Serra Verde’s mining and processing operations will play a central role in establishing the first rare earth supply chain from mine to magnet outside Asia, when combined with USAR’s mining and downstream capabilities,” the Serra Verde Group said in a market announcement.
The contract provides for a 15-year supply agreement with a Special Purpose Vehicle (SPV), capitalized by various US government agencies as well as private capital sources, for 100 percent of its Phase I production at guaranteed minimum prices for magnetic rare earths.
“The supply agreement provides secure and predictable cash flows for Serra Verde, reducing risks, supporting investments, and enabling its successful development,” the USAR press release states.
According to the statement, the agreement will enable the creation of “a leading multinational rare earth company, from mine to magnet, with eight operations in Brazil, the United States, France, and the United Kingdom, and with active operational capabilities across the entire light and heavy rare earth supply chain, including mining, processing, separation, metallization, and magnet manufacturing.”
“These milestones are a significant positive development for Brazil and demonstrate the country’s ability to play a leading role in the development of global rare earth supply chains,” said Ricardo Grossi, president of Serra Verde Pesquisa e Mineração and chief executive officer of the Serra Verde Group.