Brazil Mining News

Vale doubles down on nickel ahead of EV revolution

Vale needs to sort out once and for all its problem child, Goro, and keep its fingers crossed that Tsingshan's announcement is, for now at least, "just talk".

Brazil to auction 20,000 mining areas in first half 2019

The agency is creating a system to carry out the auction electronically,

Vale says recent dip in global steel prices is temporary

Global capacity utilisation in the steel sector has risen to 76% this year from 73% last year, indicating excess capacity in the sector is shrinking.

Altamira expands land position in Brazil

The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.

Brazil launches new mining agency days before Temer steps down

Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.

Vale to go it alone on $500m investment in New Caledonia nickel mine

New Caledonia could be a very important part of our strategy to supply nickel, especially given the EV revolution.

What to watch in commodities: Trump-Xi, OPEC, iron, Tesla, crops

It’ll be an important week for iron ore, which has been badly beaten up in November.

Navy admiral named Brazil’s Minister of Mines and Energy

Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.

Global iron ore market well supplied, growth in production ahead — reports

Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.

Brazil steelmaker Gerdau cannot find US workers to expand production

"Our main difficulty is finding workers," said Gustavo Werneck, the chief executive officer, referring to its U.S. plants.

Vale told to pay $26.8m in damages to indigenous tribes

The company's Onça Puma nickel mines blamed for contaminating the Catete river, which prosecutors said had a "severe" impact on the Xikrin and Kayapo tribes.

Vale holds talks to expand world's biggest open-pit iron mine

While the project known as S11D isn’t scheduled to hit its 90-million-ton capacity until 2020, China’s appetite for the mine’s low-cost, high-grade ore continues to grow.

Vale-BHP Brazil joint venture Samarco names mining exec as new CFO

Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.

Brazil lawmakers slam Norsk Hydro, regulators for Alunorte leak

A congressional commission assembled to look into the incident blamed both the company and regulators, and called for civil and criminal investigations to continue.

Brazil dismantles illegal mines in the Amazon

The unregulated operations were installed in Jamanxim and Río Novo National Parks.

Brazil's Votorantim profit falls despite higher revenues

Meanwhile, Nexa Resources, a unit of Votorantim, has just approved a $392 million capital expenditure in a zinc mining project in the Brazilian state of Mato Grosso.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

Canadian miners join forces on Brazilian copper project

They are focusing on the Planalto project, located near Vale's Sossego copper mine and Oz Minerals Antas copper mine.

Vale and Emirates Steel sign major deal

Emirates Steel requires inputs of around 6 million tonnes of iron ore pellets per year.

China demand for Vale ore to keep price above $90/tonne in 2019 -CFO

What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.

Largo to expand vanadium mine in Brazil

The Maracás Menchen mine has a take-or-pay off-take agreement with Glencore for 100% of its vanadium material.

Horizonte Minerals shares tank on lower nickel project profitability

Horizonte plans to raise $443 million to begin construction on the mine in the middle of 2019, production slated for late 2021.

Leagold said restarting Santa Luz mine in Brazil requires $82 million

Santa Luz is a fully constructed open pit mine, which originally started production mid-2013 but was placed on care and maintenance in 2014.

Vale expects jump in base metal performance in 2020

Brazil's Vale, the world's largest iron ore producer, is seeking out small high-return acquisitions that are related to the miner's current assets.

Bolsonaro's anti-China rants have Beijing nervous about Brazil

Bolsonaro has portrayed China, its largest trading partner, as a predator looking to dominate key sectors of its economy.