The mining companies highlighted in this report
– Vale, Anglo American, Belo Sun, Potássio do Brasil, Mineração Taboca/Mamoré Mineração e Metalúrgica (Minsur Group), Glencore, AngloGold Ashanti and Rio Tinto – have received a total of $54.1 billion in financing from Brazil and internationally (when combining the banks and asset managers that own shares, bonds, or provide them loans or underwriting).

For the second year in a row, our findings indicate that major institutions headquartered in the United States continue to be the leading financiers of mining-driven destruction, with U.S.- based companies holding the most significant shares and bonds, or offering the largest loans or underwriting, to the mining companies highlighted in this report. The financial firms Capital Group, BlackRock and Vanguard invested a combined US$14.8 billion in mining companies with

interests on Indigenous lands and a history of rights violations.

Capital Group, a U.S.-based financial services company, holds over US$7 billion in shares in these companies. BlackRock, the world’s largest asset management company, holds almost US$6.2 billion in shares, and asset manager Vanguard, around US$1.6 billion.

Brazilian financial institutions are notably present on the list of the five largest financiers. The Brazilian pension fund PREVI (Banco do Brasil’s Employee Pension Fund), is responsible for the largest investments in these mining companies, with over US$7.4 billion, followed by the private bank Bradesco, with almost US$4.4 billion. See the list of most frequent investors in the Appendix (pages 80 and 81).