Brazil Mining News

Great Panther acquires Brazil gold miner for $105 million

The transaction includes the acquisition of three producing mines and an advanced stage project.

BHP seeks approval for $50m US pact over fatal Brazil dam burst

It would resolve shareholder claims stemming from the Nov. 5, 2015 bursting of the Fundão dam in Minas Gerais run by Samarco.

Vale eyes expansion of Brazil iron ore mine to feed Chinese demand

China, the world's biggest consumer of the steelmaking ingredient, has ramped up buying of higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies.

Nexa says to invest $1.17 bln in Peru, Brazil in five years

About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc.

Yamana warns Argentina’s looming tax on exports could hit bottom line

Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.

Belo Sun license should be reviewed by Brazil federal Gov’t, court rules

The Canadian company's Volta Grande project is expected to become the South American country’s largest gold mine.

Vale truck fleet at Brazil mine going fully autonomous in 2019

Using seven Caterpillar 793F CMD autonomous trucks, the miner was able to transport 26% more ore at Brucutu mine in just a month.

Chinese aluminum gushes onto world markets on Rusal supply fears

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

Glencore seeks to grow Brazil fuel distribution unit -Ale CEO

Glencore expects its recently acquired Brazilian fuel distribution company Ale Combustíveis SA to pursue growth opportunities without making acquisitions.

Norsk Hydro working to convince Brazil to resume full output at Alunorte refinery

Hydro was ordered to slash output by half at Alunorte after the company admitted to making unlicensed emissions of untreated water during severe rains.

Trump allows targeted relief on steel, aluminum quotas -Commerce Department

South Korea, Brazil and Argentina will benefit from the measure.

Seven new powerhouses to drive mineral demand: EMR exec

"It is not just China."

Vale's iron ore output will rise only if prices increase -CEO

Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.

Brazil's Usiminas seeks to sell stake in miner Musa

Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.

Brazil's Samarco mine unlikely to restart in 2019 -BHP

There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses.

Brazil steelmaker Usiminas resumes some operations after plant blast

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA will resume partial operations on Monday at its Ipatinga plant after an explosion injured 34 workers.

Brazilian steelmaker Usiminas: those injured in blast have left hospital

The blast was centered on a huge barrel-shaped piece of equipment that stores gases released during the steel production process.

CSN hires Jefferies to sell assets in Portugal, Germany -paper

The Brazilian steelmaker is also seeking to close a streaming deal next week with a Canadian bank for its mining output in coming years.

Several people hurt in blast at Brazil steelmaker Usiminas' plant

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais said said none of the injuries were severe.

BHP says Brazilian court approves settlement for Samarco

Samarco, a joint venture of Vale SA and BHP Billiton, expects to obtain next year all licenses needed to resume operations.

Samarco eyes restart in 2019, when Brazil license analysis concludes

Samarco expects to obtain next year all licenses needed to resume operations suspended after the 2015 environmental disaster.

Miners set to spend $11B in search of the next jackpot

Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues.

Brazil mining exports to rise 2.5 pct in 2018 -Ibram

By value, mineral exports are expected to increase to $30 billion from $28.37 billion last year.

Brazil studying auction of rights to six unexplored mining areas in 2019

The unexplored areas that have significant potential output of copper, gold, phosphate and other minerals.

Has Anglo American found something big in Brazil?

The company might have found an exciting copper deposit in Brazil.