# Tag: mining royalties

- [Brazil Mining Royalties Near R$8 Billion as ANM Broadens Base Beyond Iron Ore](https://brazilstockguide.com/insights/brazil-mining-royalties-cfem-2025-diversification/) (2026-01-21): Diversification into copper and gold and tighter oversight lift CFEM to the second-highest level on record, with transfers reaching 94% of Brazilian municipalities.