It's a risk but it's a minor risk not a major risk. We're not in Africa. A major risk might be not having an orebody (e.g. the Pilbara conglomerates). A right wing govt is good for mining. Brazil needs revenue and mining is a source of revenue.
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch