The transaction includes the acquisition of three producing mines and an advanced stage project.
Brazil Mining News
It would resolve shareholder claims stemming from the Nov. 5, 2015 bursting of the Fundão dam in Minas Gerais run by Samarco.
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.
About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc.
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.
The Canadian company's Volta Grande project is expected to become the South American country’s largest gold mine.
Using seven Caterpillar 793F CMD autonomous trucks, the miner was able to transport 26% more ore at Brucutu mine in just a month.
Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.
Glencore expects its recently acquired Brazilian fuel distribution company Ale Combustíveis SA to pursue growth opportunities without making acquisitions.
Hydro was ordered to slash output by half at Alunorte after the company admitted to making unlicensed emissions of untreated water during severe rains.
South Korea, Brazil and Argentina will benefit from the measure.
"It is not just China."
Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.
Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.
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.
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA will resume partial operations on Monday at its Ipatinga plant after an explosion injured 34 workers.
The blast was centered on a huge barrel-shaped piece of equipment that stores gases released during the steel production process.
The Brazilian steelmaker is also seeking to close a streaming deal next week with a Canadian bank for its mining output in coming years.
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais said said none of the injuries were severe.
Samarco, a joint venture of Vale SA and BHP Billiton, expects to obtain next year all licenses needed to resume operations.
Samarco expects to obtain next year all licenses needed to resume operations suspended after the 2015 environmental disaster.
Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues.
By value, mineral exports are expected to increase to $30 billion from $28.37 billion last year.
The unexplored areas that have significant potential output of copper, gold, phosphate and other minerals.
The company might have found an exciting copper deposit in Brazil.