Brazil Mining News

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.

Amazon's mining treasure at stake as Bolsonaro leads Brazil vote

Jair Bolsonaro is on the cusp of winning Brazil’s presidency, leading the latest polls by double digits, and the mining community is salivating.

Brazil's Vale misses 3rd qtr income estimate, revenue rises

Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.

Amazon's mining treasure at stake as Bolsonaro leads Brazil vote

The mining community is salivating.

Anglo will dig more platinum and diamonds than expected

While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.

China's alumina exports in September surged to their highest level this year

Figure is fivefold increase from August, up 3,400% y/y

Brazilian pension fund Previ won't sell Vale shares before year end- CEO

Previ intends to reduce its stake in the miner over the medium-term.

China's winter pollution cuts may boost high-grade iron ore

The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed.

Boom in EV batteries helps suppliers older than Ford’s Model T

Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.

Anglo American ‘encouraged’ by drilling results from copper asset in north Brazil

The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.

Vale sees possible Samarco restart in 2020, BHP uncertain on date

Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020.

Anglo American to restart operations at Minas Rio before year-end

Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.

Vale rules out major acquisitions

CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.

Rio Tinto Says Q3 production falls on planned maintenance and safety pauses

Iron shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality.

Brazil's Vale third-quarter iron ore output hits all-time high

Iron ore production at the S11D and Carajás projects grew nearly 20 percent to record 53.9 million tonnes, accounting for most of the increase.

Leagold closing Brazil mine for two months due to drought

The company's recently-acquired Riacho dos Machados (RDM) mine will be closed for about two months.

Norsk Hydro to resume Brazil's Alunorte output at half capacity

Norsk Hydro said on Tuesday it has won permits from Brazilian authorities to restart operations at half capacity at its Alunorte alumina refinery.

Norsk Hydro to resume Brazil's Alunorte output at half capacity

Norsk Hydro has won permits from Brazilian authorities to restart half the capacity of its Alunorte, the world's largest alumina refinery.

Hydro shutdown pushes up shares of South 32, Alumina Ltd

Hydro plans to halt production and lay off 4,700 people at Alunorte, which has been operating at half capacity since March due to an environmental dispute.

BHP and Vale reach final settlement in Brazil over dam failure

The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.

Brazil's Vale shareholders near deal to pay Eletron $692m

Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.

Canada’s Maxtech Ventures to expand footprint in Brazil with manganese JV

The Vancouver-based miner said it has signed a non-exclusive letter of interest to form a JV with an undisclosed local company on claims where manganese mineralization has been proven.