CODEMIG

Created in 2003 by State Law No. 14,892, the Minas Gerais Economic Development Company is a mixed-capital company of the indirect administration of the State of Minas Gerais. Until February 2018, the Company was responsible for several projects and actions to promote the economic development of the State, which were then assumed by its majority shareholder, Companhia de Desenvolvimento de Minas Gerais. Currently, Codemig is dedicated to the exploration of niobium in Araxá in partnership with Companhia Brasileira de Metalurgia e Mineração.