Brazil Mining News

Changes to Brazil mining law to bring mostly higher taxes, costs — experts

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.

Vale gauges how to speed listing in strictest Brazil market

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.

Iron ore soars at $76 a tonne

The steelmaking raw material hit its highest level since April driven by the demand of China’s steel industry

BHP denies it has agreed to sell Samarco stake to Vale

Brazilian newspaper had claimed BHP was selling its stake in the Samarco iron ore mine to its partner Vale.

Scientists find evidence for the formation of thinnest possible diamond

The researchers say the realization of a stable and atomically thick two-dimensional diamond material is still forthcoming

Upbeat China data sends iron ore soaring, climbs the most in 8 months

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 to raise mining royalties, set up new regulator

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 bets on copper with $21M investment in Brazilian producer

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).

Iron ore soars past $70 a tonne

Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.

Rio’s revised iron ore guidance pushes price to three-month high

From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.

Iron ore price hits 10-week high on China renewed appetite

Ore with 62% content in Qingdao added $1.86 overnight to close at $65.91, the highest since May 3 and 20% more than those year lows hit mid-June

Top 50 mining companies reshuffle as Chinese, lithium firms climb rankings

Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.

BHP injects $250 million into Samarco for clean-up

It also said that a Brazilian court had granted it and its partner Vale a four-month extension to negotiate a settlement to a $47 billion claim stemming from the 2015 mine disaster.

Iron ore price jumps to 8-week high

Physical markets, not just futures speculation behind the latest rally

Brazil's platinum miner Jandaga raises $2.9M in London listing

Jandaga Mines is taking advantage of investors' concerns over buying into South African platinum businesses.

Brazil's Vale shareholders approve corporate reorganization

Shareholders of Brazil's Vale SA approved a share conversion plan on Tuesday in a move that should boost transparency, give equal votes to all shares and limit government meddling in the world's No. 1 iron ore producer.

Iron ore price soars

China bulls kick iron ore price 6.5% higher.

Global environmentalist Yolanda Kakabadse to Chair IUCN independent scientific panel on Brazil’s Rio Doce watershed

IUCN former President, globally recognised environmentalist Yolanda Kakabadse, will Chair the new IUCN independent scientific and technical advisory panel on the restoration of the Rio Doce watershed in Brazil, following the 2015 collapse of the Fundão tailings dam at the Samarco iron ore mine.

After rainforest victory for Brazil’s environmentalists, a mining battle looms

Brazil ministry wants to open border regions to foreign miners. Amazon-basin area about the size of Alaska could be affected.

Miners punished as iron ore price resumes decline

New Citigroup report predicts low $40s by end of the year, early 2018.

BHP Billiton announces new Chairman

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Argentina passes mining act expected to create 125,000 new jobs

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

Shipwreck casts shadow over fleet of Vale iron-ore carriers

A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a similar ship that mysteriously sank en route to China leaving 22 people presumed dead.

Gemfields steps up fight against takeover by largest investor

Company called Pallinghurst Resources' bid “derisory”, adding it "clearly undervalues" the firm.