Brazil Mining News

Brazil state fines Anglo American $37.73 million over pipeline leak

The leak in the pipeline, which carries slurry to a port in Rio de Janeiro state, occurred on March 12 and forced the miner to suspend operations until March 27.

Canadian junior joins 'staking rush' in Brazil

Altamira Gold is mimicking big players' strategies in the Juruena Belt.

Anglo needs 90 days to inspect leak at Brazil iron ore operations

It said the leak of non-hazardous iron ore slurry was stopped within eight minutes and caused no disruption to local water supply.

Anglo American ordered to halt Brazil ops again after leak

A document by Brazilian environmental watchdog Ibama seen by Reuters said Anglo American would only be allowed to resume operations once it demonstrates the pipeline's security.

Avaaz launches campaign against Belo Sun’s massive Brazilian mine

The U.S.-based online activist network launched a campaign to gather signatures to oppose the construction of the Volta Grande project.

Aura Minerals wants to reactivate projects under care and maintenance

The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.

Copper price: 120% premium for Brazil junior another bullish sign

Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.

Labour groups file OECD complaint against BHP and Vale over dam-burst disaster

The accident killed 19 people, left hundreds homeless and unemployed and caused sludge to wash downstream into the neighbouring state of Espírito Santo.

Brazilian pension funds to sell stakes in Vale

The share sale may be worth up to $2.4 billion if BNDESPar, the investment arm of state development bank BNDES, also sells part of its Vale stake.

U.S. govt to accept metals tariffs exclusion requests from Monday

It could take up to 90 days to make determinations.

Anglo says cleaning up mining will earn it billions in profit

Mining is a dirty business, but Anglo American Plc Chief Executive Officer Mark Cutifani says it doesn’t have to be.

Anglo American halts output at Brazil ore unit after duct failure

Anglo said there was leakage of a mixture of iron ore and water to a local watershed.

Workers at Cajamarquilla zinc smelter in Peru end strike

Workers had downed tools on Monday to demand higher wages and better benefits, according to a union leader.

More countries want to be exempt from Trump’s tariffs

Brazil, Argentina, Japan and the EU have expressed concerns about the measure.

Brazil court denies Norsk Hydro request to resume production

Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, a court said, in the latest setback after allegations it had contaminated water in the area.

Eike Batista's ex-wife says he hid a gold mine during divorce

Eike Batista, the former billionaire who lost his fortune and spent time in jail for alleged corruption, has a new headache: a lawsuit from his ex-wife.

Samarco iron ore mine could reopen this year

Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.

Brazil's Vale 4th-qtr profit misses as costs rise, forex weighs

Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Kinross secures low-cost power for Brazil’s largest gold mine

With the acquisition of two hydroelectric plants, the miner expects to eliminate about 70% of future power purchases.

Brazilian prosecutors say Anglo’s sale of Amapa iron ore shady

They also claim miner offloaded the asset to avoid paying for environmental damage caused by an accident at its floating dock, which killed six people and dragged vehicles, equipment and large amounts of iron ore into the Amazon River.

Anglo's Brazil iron ore expansion a go

Anglo American's Minas Rio iron ore mine in Minas Gerais state has nameplate capacity of 26.5m tonnes per year.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.

Anglo expects expansion licence for Minas Rio in Brazil by Friday

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.