What Is Blood Niobium — Independent CMOC Niobium Accountability Platform

Blood Niobium Logo BloodNiobium
Public Document — Independent Investigation
BLOOD NIOBIUM
Protocol: SN-2026-001
bloodniobium.org
ABOUT US BLOOD NIOBIUM WHO WE ARE 2026
About Us — Blood Niobium
BLOOD NIOBIUM

Who We Are Independent intelligence platform

Blood Niobium is the first independent intelligence platform dedicated to exposing hidden liabilities — legal, accounting, regulatory, and humanitarian — in critical mineral supply chains.

Direct answerBlood Niobium is an independent investigative-journalism observatory documenting hidden accounting, regulatory and humanitarian liabilities in critical-mineral supply chains. Its method: cite CMOC against CMOC, using the company's own audited disclosures. Dossier #001 covers the Boa Vista niobium mine (Catalão, Brazil) and the ten-year Duarte case — 21 documented violations, US$ 3.5 billion extracted, R$ 0.00 provisioned.

It is not an NGO, not a media outlet, not a law firm. It is a transnational accountability documentary protocol: it organizes evidence, translates risks, and structures notification chains for actors who, until now, have been able to benefit from the distance between the origin of the conflict and international decision-making centers.

The Blood Niobium Dossier is structured to be admissible in CSDDD, LkSG, UFLPA audits and in HKEX 13.09 / IAS 37 / ISA 540 risk analyses — grounded in primary legal sources, translated into the language of those who can investigate and respond.

The Blood Niobium Dossier concerns the extraction of niobium at the Boa Vista Mine, in Catalão (GO, Brazil), operated by CMOC Brasil Ltda. — a wholly-owned subsidiary of CMOC Group Limited, listed on the Hong Kong Stock Exchange (HKEX: 3993) and in Shanghai (SSE: 603993).
Boa Vista Mine — Catalão, Goiás, 2019
BOA VISTA MINE · CATALÃO, GO · 2019

The Origin The story that gave us purpose

Glória Duarte, 81 years old — co-owner of the Boa Vista Mine
GLÓRIA DUARTE · 81 YEARS OLD · CATALÃO, GO

At the center of this case is Glória Duarte, 81 years old, blind, widowed, co-owner of the lands where CMOC Brasil — a subsidiary of CMOC Group Limited (HKEX: 3993) — extracts billions of dollars in niobium. Despite this, Glória survives on a monthly pension of approximately R$ 1,600 (US$ 180), requires two urgent surgeries, and has no money to pay for medical tests, hospitalization, doctors, or antibiotics.

The niobium extraction takes place at the Boa Vista Mine, located in Catalão, Goiás (Brazil), whose lands have been under judicial dispute for 10 years / 4,049 days between the Duarte Family and CMOC — a case still without a definitive resolution. During this period, 6 elderly heirs have died.

The niobium extracted from these disputed lands does not remain in Catalão. It crosses borders, enters global supply chains, and reaches strategic sectors: defense, infrastructure, steelmaking, mobility, energy, and critical technologies — including the frontier of quantum computing and AI infrastructure.

AND THE BLOOD FOLLOWS THE TRAJECTORY OF THE NIOBIUM.

What is being disputed locally is not merely a Brazilian land controversy: it is the informational, legal, and ethical integrity of a mineral supply chain of global significance — and the impossibility of any actor in that chain claiming ignorance.
10 years · 4,049 days · 6 deaths · R$ 0 in provisions

Glória Duarte asked a simple question:

The Dialogue That Created Blood Niobium Transcript · 2024
Glória Duarte 81 years old · Catalão, GO · Co-owner

"What would you do to make the most powerful man at CMOC, there in China, know what is happening to me here?"

Chinese Student, São Paulo Response

"I would make the entire world ask him:"

WHAT IF SHE WERE YOUR MOTHER?
如果是你的母亲呢?

"Because in my culture, you do not attack a man’s wallet first; you question his honor. ."

That is how the Blood Niobium platform was created, with the campaign “WHAT IF SHE WERE YOUR MOTHER?”

The niobium from my land cannot carry any more blood in its name.

Glória Duarte, co-owner of the lands of the Boa Vista Mine
Catalão, Goiás, Brazil · 81 years old
Blood Niobium — 2026
“If she cannot investigate, someone must be able to.” — the reason Blood Niobium exists
Blood Niobium — About Us
OUR MISSION + WHAT WE DO
Independent intelligence platform on critical minerals supply chains

Making Deliberate Ignorance Impossible.

Every ESG certification issued, every audited financial statement, every sustainability report published, every one of the 86,548 tonnes of niobium shipped (2016–Q1 2026) — all of it conceals documented and unprovisioned accounting violations that may reach up to US$ 3.5 billion in contingent liability (Art. 1,216 CCB), and humanitarian violations that resulted in 06 deaths / 06 Irreversible Remediation Failures.

Our mission is to ensure that no relevant stakeholder — shareholders/investors/fund managers, auditors, regulators, certification bodies, industrial customers, governments, press, NGOs, civil society — can claim ignorance.

Three Pillars of Action — 3-Tier System

We are not an NGO, we are not a media outlet, we are not a law firm. We are a transnational accountability documentary protocol: we organise evidence, translate risks and structure notification chains for actors who, until now, have been able to benefit from the distance between the origin of the conflict and international decision-making centres.

Tier 01 · Open
Verified Evidence
We compile and analyse court documents, financial statements, audit reports, ESG certifications and regulatory standards to build a technical dossier. Every claim has a traceable primary source: TJ-GO case records, CMOC annual reports (HKEX: 3993, 2016–Q1 2026), death certificates of the 6 deceased heirs, official ESG certifications, the Brazilian Civil Code and published international standards.
Tier 02 · Verified
Critical Analysis
Mapping of legal, accounting, regulatory and humanitarian violations — admissible in CSDDD, LkSG, UFLPA audits and in HKEX 13.09 / IAS 37 / ISA 540 risk analyses. Each stakeholder profile receives questions, applicable standards and action mechanisms structured according to their area of competence.
Tier 03 · Counsel-grade
Transnational Accountability
Distributable documentary guides for every decision-making sphere: Shareholders, Institutional Investors, ESG-Mandated Fund Managers, Auditors, Regulators, ESG Certification Bodies, Industrial Customers, Governments (BR/CHN/USA), Press, NGOs and Civil Society. Change does not happen through a single front, but through the convergence of simultaneous pressures at multiple points along the value chain.

5-Layer Methodology + 3-Tier System

All Blood Niobium dossier content follows a rigorous five-layer methodology, organised around the 3-Tier System of documentary admissibility:

WHAT THE DOSSIER REVEALS: CMOC’S 16 ESG RECOGNITIONS…
CMOC's 16 ESG Recognitions
  • R1 · MSCI ESG Rating: AA — MSCI Inc. · Top 11% · non-ferrous metals · last public attestation: Aug/2025 (pre-MSCI v5.0 model)
  • R2 · Sustainalytics — management of ESG material risk rated “Strong” (self-reported; full score behind paywall)
  • R3 · Wind China ESG: AAA — Wind Information · Top 100 Best ESG Practices · 1st inclusion 2025
  • I1 · FTSE4Good Index Series — FTSE Russell / LSEG · included since 2024
  • I2 · S&P Global Sustainability Yearbook — China Edition · 3rd consecutive inclusion (2023–2025) · no public record of inclusion in the 2026 edition (released May/2026)
  • C1 · ISO 14001:2015 — Environmental Management
  • C2 · ISO 45001:2018 — Occupational Health and Safety
  • C3 · ISO 9001 — Quality Management
  • C4 · RMI — Member / RMAP — RMI member since 2021 audits at TFM/KFM and tungsten units · does NOT cover the Boa Vista Mine
  • C5 · NOSA — HSE excellence · South African methodology · 5 stars (Niobium unit) and 4 stars (Phosphates) — self-reported
  • C6 · The Copper Mark — first mine in Africa to be awarded (2024) · “Fully Meets” re-audit Oct/2025 · covers only TFM (DRC)
  • K1 · Forbes Global 2000 — 630th position · 2025
  • K2 · Fortune China 500 — 138th position · 2025
  • P1 · 27th Mining-Metallurgy Industry Excellence Award — Jul/2025
  • P2 · Mining & Communities Award — Cat. 1 — May/2025
  • P3 · Mining & Communities Award — Cat. 2 — May/2025
  • P4 · SDG Brazil Seal 2025 — Instituto Vozes da Inclusão — private declaratory certification · SDGs 16 and 17 invocable

Beyond the 17: CMOC Group has been an active UN Global Compact participant since 21 Sep 2022 (participant no. 153821), with its Communication on Progress due 31 Jul 2026.

The Documented Reality — 16 Violations
  • V2 · CAS 13 (≈ IAS 37) §§14/86: R$ 0.00 provisioned for contingent liability of up to US$ 3.5 bn — 4,049 days
  • V3 · HKEX 13.09(1)(a): 414 days of regulatory silence — inside information not disclosed (legal duty: disclose “as soon as reasonably practicable” — SFO Part XIVA s.307B; absent an announcement, a trading halt is mandatory — HKEX Rule 13.10A)
  • V4 · IAS 10 §21: Reversal of burden of proof (19/Mar/2025) not reported in AR 2025
  • V5 · IAS 36/IFRS 3: Zero impairment tests on Brazil CGU in 10 years — net goodwill ~RMB 426.9m, impairment headroom ~RMB 159m
  • V6 · IAS 24/CFEM: Transfer pricing CMOC Brasil → IXM Geneva opaque — CFEM underdeclared
  • V7 · IAS 1 §25: Going concern of Brazil CGU not assessed — liability = 119% of consolidated profit 2025
  • V9 · HK Companies Cap. 622: Directors’ fiduciary duty not triggered — 10 ARs signed
  • V10 · ISO 14001/45001 (4.2): Duarte Family not identified as an interested party
  • V11 · FTSE4Good/OECD Due Diligence Guidance/UNGPs: HRIA absent — no impact assessments published in 10 years
  • V12 · UNGPs Princ. 31/FTSE4Good: Grievance mechanism inaccessible to a blind and illiterate person — 10 years
  • V15 · UDHR Art. 17/American Convention: Deprivation of property without compensation for 10 years
  • V16 · UNGPs Princ. 13 and 22: Zero remediation in 10 years — 06 deaths, US$ 0.00 compensation
  • V17 · LkSG (CSDDD: prospective, applicable from 2029): 5 triggers activated under LkSG — German buyers bear due-diligence obligations
  • V19 · GRI 413/SASB Metals: Community impacts omitted from ESG reports for 10 years
  • V20 · CDC Art. 37/UNGPs 15(c): Greenwashing: recognitions coexist with 6 deaths and US$ 0.00 compensation
  • V21 · ISO/MSCI/FTSE4Good/Sustainalytics Contracts: Certifiers not notified in 414+ days after TJ-GO ruling

Sources — Verified Evidentiary Chain

  • Glória Duarte — 81 years old, blind, widowed, R$ 1,600/month (~US$ 180), requires 2 urgent surgeries
  • Jesus Duarte — died at 90, humiliated, using an improvised bucket because he had no money for a catheter
  • 06 deceased elderly co-heirs — death certificates during the litigation · conditions of extreme vulnerability
  • CMOC before the Court: claims that Glória lives in “extreme comfort”
  • TJ-GO court records — the ongoing TJ-GO case · 10 years / 4,049 days
  • TJ-GO ruling of 19/Mar/2025 — reversal of burden of proof: CMOC must prove it caused no damage
  • CMOC Group Limited Annual Reports (HKEX: 3993, SSE: 603993) — 2016 to Q1 2026
  • Deloitte Touche Tohmatsu audit — 414 days after TJ-GO: clean opinion AR 2025 · R$ 0.00 provisioned · zero HKEX disclosure
  • Brazilian Civil Code (Arts. 884, 1,216) · Brazilian Corporations Law (Lei 6.404/76)
  • IFRS/IAS Standards · HKEX Listing Rules · ISA 540, ISA 570
  • US$ 503.7 mn in niobium alone in 2025 · 86,548 t FeNb extracted 2016–Q1 2026 · ~US$ 3.5 bn cumulative
  • Argus Niobium Pricing · CFEM/ANM · IXM Congo precedent (HKEX April 2023 — US$ 800 mn)
  • Official ESG certifications (MSCI, NOSA, Wind China, S&P, FTSE4Good, RMI, ISO 9001/14001/45001)
  • UNGPs, OECD, CSDDD, LkSG, UFLPA — published international standards
  • CRPD, Elderly Persons Statute, UDHR Art. 17, American Convention — humanitarian standards

Two Accountability Instruments

Blood Niobium distributes two structural guides — developed so that each investigator, according to their field of action, can find the right questions, the applicable standards and the available mechanisms to act.

Documentary Guide · Blood Niobium
GUIDE TO REGULATORY VIOLATIONS

Mapping of violations of accounting standards (IAS 37, IAS 1, IAS 10, IAS 36), regulatory frameworks (HKEX 13.09, Appendix 16), human rights (UNGPs, CSDDD, LkSG, UFLPA) and corporate governance attributed to CMOC Group Limited.

IAS 37 IAS 36 IAS 1 IAS 10 HKEX 13.09 CSDDD LkSG UFLPA UNGPs GRI 413 ISO 9001/14001/45001
SEE VIOLATIONS GUIDE →
Documentary Guide · Blood Niobium
RISK GUIDE BY STAKEHOLDER PROFILE

Individualised analysis of the legal, financial and reputational exposure of 9 stakeholder profiles — with 3 sub-profiles under Profile 01: Controlling Shareholders (Cap. 622), Institutional Investors (ERISA/SFDR) and ESG-Mandated Fund Managers. Also covers Auditors, Regulators, ESG Certification Bodies, Industrial Customers, Governments (BR/CHN/USA) and Press/NGOs.

9 profiles 3 sub-profiles P01 ESG Due Diligence ISA 540 Fiduciary Duty Cap. 622 SFDR/ERISA
SEE RISK GUIDE →
Field Report
Boa Vista Mine · Catalão, Goiás
Blood Niobium Dossier · Data 2016–Q1 2026
86,548 t
FeNb
extracted
~US$ 3.5 bn
Cumulative
revenue
10 years
Litigation
4,049 days
98%
World reserves
(Brazil)
~90%
Global mine
production

9 Profiles · 1 Case — Directly Exposed Stakeholders

Blood Niobium produces content for 9 stakeholder profiles directly exposed to the CMOC crisis. Each profile receives language, standards and action channels appropriate to its area of competence.

01

SHAREHOLDERS / INVESTORS / FUND MANAGERS

Core Risk

Fiduciary duty + Material misstatement — ESG downgrade

02

INDEPENDENT AUDITORS

Core Risk

Audit failure — professional liability

03

MARKET REGULATORS

Core Risk

Disclosure violation — market integrity

04

ESG CERTIFICATION BODIES

Core Risk

Systemic greenwashing — sector credibility

05

SUPPLY CHAIN CUSTOMERS

Core Risk

LkSG/CSDDD — Blood Niobium in the final product

06

GOVERNMENT OF BRAZIL

Core Risk

State as both victim and bystander — 4 dimensions: judicial/humanitarian · fiscal/sovereignty · regulatory/environmental · geopolitical

07

GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA

Core Risk

National reputation — 孝 (Xiào) values betrayed

08

GOVERNMENT OF THE UNITED STATES

Core Risk

National security — contaminated critical minerals

09

PRESS, NGOs AND CIVIL SOCIETY

Core Risk

Public interest — documented human rights

8 Channels of Intervention

Blood Niobium organises 8 possible actions. The first is the request for official documents, upon verification of the requester’s identity. The last is the right of reply for CMOC and organisations mentioned on the platform. And 6 other action options, whose purpose is to convert a complex case into concrete intervention pathways — compatible with the competence of each profile.

Denouncing is not enough. Translation is necessary. Blood Niobium provides structure for informed action — not abstract indignation.

Blood Niobium — About Us
METHODOLOGY + INDEPENDENCE + CONTACT
How we work — and why this case cannot be ignored

Why "Blood Niobium"

Blood Niobium — blood niobium — is an analytical category that defines a strategic mineral (niobium) extracted under conditions of active judicial litigation, with documented violations of the fundamental rights of elderly people.

Blood Niobium proposes that the critical mining sector cannot continue operating in an accountability vacuum. Or worse: that a mining company can remain silent, without addressing the humanitarian rights of elderly people for 10 years / 4,049 days, after being repeatedly informed through court petitions, extrajudicial notifications and social media publications.

Niobium.
You don’t see it. You live on top of it.

86,548 t FeNb
extracted (2016–Q1 2026)
~US$ 3.5 bn Estimated cumulative
revenue CMOC
98% World
reserves (Brazil)
~90% Global mine
production (Brazil)

Niobium is in the HSLA steels of the world’s largest infrastructure projects. It is in the superalloys of Airbus, Boeing and GE turbines. It is in the superconductors that make hospital MRI scanners work. It is in the qubits of IBM, Google and Fermilab’s quantum computing. It is in F-35 components.

Niobium is strategic, highly critical — it is a mineral on which the modern world depends, and for that very reason its origin cannot be compromised by a mining company that incurs 16 violations, has ignored for 10 years the extreme vulnerability of Glória Duarte, and omits accounting provisions for litigation risks.

That is why Blood Niobium does not merely narrate a case. It is the first independent intelligence platform dedicated to exposing hidden liabilities — legal, accounting, regulatory and humanitarian — in critical minerals supply chains. It organises evidence, translates potential risks and structures a transnational accountability documentary protocol for actors who, until now, have been able to benefit from the distance between the origin of the conflict and international decision-making centres.

Every tonne of niobium shipped carries an unprovisioned accounting risk and a humanitarian risk of lack of remediation, which already counts 06 irreversible remediation failures.

Denouncing is not enough. Translation is necessary. Translating the case into the language of markets, audits, certifications, the international press, regulators — and also of Chinese moral conscience (百善孝为先 — of the hundred virtues, respect for parents is the first).

If the right information never reaches the company’s centres of power and the agents who legitimise its global operations, silence will continue to function as a shield. It was necessary to transform the invisible suffering of an elderly Brazilian woman into a documentary language capable of crossing political, financial, regulatory and moral borders.

Blood Niobium operates precisely in this blind spot.

What Glória Cannot Do — And You Can

Glória Duarte is 81 years old. She is blind. She is a widow. She survives on R$ 1,600 (US$ 180) per month. She needs 2 surgeries, and has no money for tests, hospitals, doctors or antibiotics. CMOC tells the Court that she lives in “extreme comfort”.

She has no access to Chairman Liu Jianfeng in Hong Kong. She cannot send reports to the PCAOB in Washington. She cannot request a rating downgrade from MSCI or Sustainalytics. She cannot file a complaint with the HKEX. She cannot ensure that bodies and companies — such as Deloitte — are informed of the facts, read the dossier, assess the violations and risks, and take action. She has no international lawyers to confront the mining giant in China.

Because Glória has no access to international regulators, global audits, ESG agencies or major media outlets, she cannot investigate the system.

But you can.

What this dossier means

You have what Glória Duarte does not have: access.

Access to regulators SFC, HKEX, AFRC, PCAOB, CVM, ANM, PCN, OECD mechanisms
📈
Access to markets and ESG agencies MSCI, S&P Global, Sustainalytics, FTSE Russell, RMI, NOSA, institutional investors
🏭
Access to CMOC itself and the supply chain Board, Chairman Liu Jianfeng, Deloitte, auditors, Airbus, BMW and industrial buyers
🗞
Access to the global press FT, Bloomberg, Reuters, NYT, South China Morning Post, investigative journalism
🌐
Access to Justice and Diplomacy IACHR, UN, UNGPs, transnational human rights mechanisms, Pentagon, US State Dept.
Access to political power Parliaments, European Commission (CSDDD), US Congress (UFLPA), Federal Revenue Service, ANM

What this dossier asks

This dossier does not ask you to believe Glória Duarte.

  • It asks you to verify the facts in primary sources.
  • It asks you to ask the questions she cannot ask.
  • It asks you to use the instruments she does not have.

This dossier was built to enable action within your sphere — whether as a compliance officer (CSDDD/LkSG/UFLPA) in Stuttgart, a risk analyst in London, a journalist in New York, a Big Four auditor in Hong Kong, an institutional investor in Shanghai, an activist short seller, or a Department of Defense official in Washington.

Blood Niobium — 2026

The violations are in the documents.
The documents are public.
The standards are clear.
What is missing — is someone with access to investigate and reach CMOC.

Editorially and Financially Independent

Blood Niobium is editorially independent. It receives no funding from any company, government, political party or private entity. All content is produced based on the extremely serious conditions in which Glória Duarte finds herself, on public documents, verifiable judicial records, published international standards and official statements from the entities cited.

All sources are cited. Claims are documented. Space for contradiction and the right of reply is open. Dossiers are structured to be admissible in CSDDD, LkSG, UFLPA audits and in HKEX 13.09, IAS 37, ISA 540 risk analyses.

LEGAL NOTICE This dossier presents technical analysis based on published standards and public documents. The classification of “violation” does not replace regulatory, judicial or audit determination, and must be confirmed by investigators. All facts are presented as a starting point for independent investigation. CMOC Group Limited (HKEX: 3993, SSE: 603993) denies any irregularity in the ownership of the area and did not respond to documented contact attempts between 2016 and Q1 2026.

How to Participate

On the contact page there is a form you can use to request official documents. There are 6 action options structured according to each stakeholder’s area of competence. And there is an open space for the right of reply.

WhatsApp: +55 (64) 98100-6046

“The niobium of my land cannot carry any more blood in its name.”

Glória Duarte, co-owner of the niobium lands of the Boa Vista Mine
Catalão, Goiás, Brazil · Blood Niobium — 2026

Frequently Asked Questions About the Case

What is CMOC Group (China Molybdenum)?

CMOC Group Limited is a private Chinese mining company listed in Hong Kong (HKEX: 3993) and Shanghai (SSE: 603993). In Brazil it operates the Boa Vista niobium mine in Catalão, Goiás — land under a 10-year legal dispute with the Duarte family.

Is CMOC a Chinese state-owned company?

No. CMOC Group Limited is a private, non-state company. Its controlling shareholder is Cathay Fortune Corporation, owned by Yu Yong, with 24.81% of the capital; state entities hold only minority stakes.

What does CMOC do in Brazil?

CMOC extracts niobium and phosphate in Catalão and Ouvidor, Goiás. At the Boa Vista mine it produced 86,548 tonnes of ferroniobium between 2016 and Q1 2026, with accumulated revenue of approximately US$ 3.5 billion.

What are the UN Guiding Principles on Business and Human Rights (UNGPs)?

They are the UN's 2011 global standard on the corporate responsibility to respect human rights, built on three pillars: protect, respect and remedy. They are one of the normative bases of the 16 violations documented by Blood Niobium.

What is elderly hypervulnerability?

It is the aggravated vulnerability of an elderly person recognized by Brazilian case law. Glória Duarte — 81 years old, blind, a widow, living on R$ 1,600 a month (≈US$ 180) — has litigated for 10 years (4,049 days) against CMOC and is the central case documented on this platform.

What makes a person legally vulnerable before the courts?

It is the special condition of subordination, powerlessness or lack of protection that limits the defense of one's rights in court. Brazil's Elderly Persons Statute (Law No. 10,741/2003, art. 71) guarantees special priority processing to those over 80, such as Glória Duarte.