Brazil Mining News

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.

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.