Move is part of a wider review of low performing assets after new Chief Executive Fabio Schvartsman took charge in June.
Brazil Mining News
The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.
Scientists say that under the peculiar conditions present deep in the Earth's mantle, iron carbonates can play a role in forming diamonds.
There is a strong correlation between the location of BIF caves and the presence of iron ores of global economic significance
It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.
The Mineracao Rio do Norte (MRN) bauxite mine is experiencing problems with its tailing systems due to a water shortage caused by dry weather.
A look into the work experiences, lives, and health risks of garimpeiros, illegal Brazilian gold miners.
Public prosecutor for the state of Minas Gerais, where the iron ore mine is located, ordered the company to reschedule two public meetings as it had failed to inform of it to all communities potentially affected by the planned expansion.
Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices.
Benchmark price down 7.4% on Thursday.
He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.
The company is also interested in investing in the electricity sector itself or through a joint venture.
Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.
Federal judge Rolando Spanholo said opening the area known as Renca to mining can only be done by an act of Congress under the constitution.
Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.
The region, preserved as a national reserve for more than three decades, is thought to be rich in gold, iron ore, copper and other minerals.
Prices for the steelmaking material have increased almost 50% since its 2017 lows.
Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.
Bigger-than-expected shareholder support in Vale SA's stock conversion plan could lead the world's No. 1 iron ore producer to accelerate the listing of common shares in Brazil's strictest market segment and lure a boarder base of investors.
The steelmaking raw material hit its highest level since April driven by the demand of China’s steel industry
Brazilian newspaper had claimed BHP was selling its stake in the Samarco iron ore mine to its partner Vale.
The researchers say the realization of a stable and atomically thick two-dimensional diamond material is still forthcoming
Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since December 1, 2016.
Brazil's government will announce an increase in mining royalties and the creation of a new agency to regulate the industry in a bid to inject new life in Brazilian mining, three sources with knowledge of the matter told Reuters on Monday.
Glencore (LON:GLEN) has placed a multi-million-dollar bet on copper by investing just over US$21 million (GBP 16.16 million) into Brazilian copper producer Paranapanema (PMA).