Brazil Mining News

Anglo American soars on positive production report

Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.

Vale, BHP iron ore venture can't pay creditors

Brazil's suspended iron ore producer Samarco misses another payment on its $3.8 billion debt as it struggles to stay afloat following deadly dam burst.

Brazil charges 21 people with homicide in Samarco disaster

If convicted, accused executives could face sentences of between 12 and 30 years in prison.

Yamana Gold set to spin off Brazilian unit as separate public company

The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.

Vale board not even talking about fertilizer sale

Long-rumoured deal with US Mosaic to buy Brazilian unit worth up to $3 billion goes quiet.

TriStar Gold, another Wits-lookalike in Brazil

Bob Moriarty of 321 Gold delves into the origins of gold to try to understand TriStar Gold's Witwatersrand-type deposit in Brazil.

Iron ore price: High cost miners face bloodbath

Increased supply from Brazil and Australia will results in 300 million tonnes of price-induced curtailments through 2020 says new report.

Iron giants to add 200 million tons of supplies through 2020

The world’s two largest iron-ore exporters Brazil and Australia will each add about 100 million metric tons of supply through the end of the decade, boosting a global glut and hurting prices in a slump that will then force marginal miners to cut output, according to Citigroup Inc.

Jaguar intercepts high-grade gold mineralization at Pilar Gold Mine

Underground definition drilling on the Pilar BFII ore body has returned significant high-grade mineralization.

Peru, Brazil to emerge as Latin America’s new mining gems

Peru’s significant copper project pipeline and Brazil’s competitive iron ore sector will consolidate them as main drivers of investment in Latin America’s mining sector, says BMI Research.

Brazil grants Vale license for S11D iron ore mine rail branch

The world's largest iron ore exporter will be able to haul S11D's output to the Port of Ponta da Madeira in Sao Luis.

Executing on gold development, exploration in the Americas

Columbus Gold advances Montagne d’Or to bankable feasibility study.

Why Samarco tailings dam failed

Panel appointed by Vale and BHP release their findings.

Eldorado announces new exploration projects in Romania, Serbia and Brazil

Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce plans at four new exploration projects.

Vale closer to $9 billion Chinese streaming deal – report

Impact on iron ore price uncertain as China's sovereign wealth fund leads investor group to secure portion of Brazilian giant's output for the next 30 years.

Silver Wheaton bulks up on Brazilian gold

Silver Wheaton stock gets a boost from $800 million Vale goldstream buy.

Simandou shelving great for Rio, rivals

$20 billion West African iron ore mega-project had the potential to lower long-term iron ore price by $5 per tonne according to new report.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

Anglo American narrows debt despite posting steep first-half loss

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

Iron ore price jumps on China anti-dumping move

China Miners' Association want action against Vale, Rio Tinto and BHP Billiton for flooding domestic market with cheap ore.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Rising metal prices help AngloGold Ashanti swing back to profit

The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.