Brazil/China: Mineral Survey Cooperation to Protect the Environment

BEIJING - April 21, 2023 - PRLog -- Oz. Earth Fields™, a survey company of critical materials for electric vehicles and renewable energies, signed a cooperation agreement with Tianjin Huakan Group and Sichuan Province Geological Engineering - to invest in mineral research for the low-carbon energy transition.
The objective is to invest in the expansion of mines and discover new reserves. The contract is one of the main and most strategic private deals made during the recent visit of Brazilian President Luiz Inacio Lula da Silva to Chinese President Xi Jinping in Beijing. With precision research technologies, mineral surveys protect the environment by avoiding unnecessary excavations.
The partnership with the two companies will bring significant benefits to the renewable energy sector, electric vehicles, and the Brazilian economy. With the collaboration of these companies, Oz will have access to advanced mineral research technologies, in addition to financial support that will enable the expansion of its activities and the discovery of new exploration areas.
The CEO of Oz (https://fields.oz-earth.com/), Igor Eustáquio Elias, highlighted the importance of the partnership: "To save the planet, it is essential to electrify cars and trucks and reduce dependence on fossil fuels. We need to replace 60% of all new light cars and trucks with electric vehicles by 2030, and 100% by 2050. That means increasing from 10 million electric vehicles on the road today to 200 million by 2030 and to 3 billion by mid-century" "
According to Elias, it will be necessary to manufacture billions of batteries to power these vehicles and discover at least US$ 12 trillion in new mineral deposits, such as cobalt, graphite, nickel, copper, and lithium. Unfortunately, these minerals are not being discovered fast enough. "It is worrying that Brazil, a country with the potential to lead this race, receives only 2.9% of global investment in mineral research.
With the partnerships established with two of the largest Chinese mineral exploration companies, the main objective of Oz. Earth Fields is to transform this reality so that Brazil can explore its potential and become a leader in discovering these essential mineral resources for the electrification of transport and for global sustainability", he said.