Brazil Mining News

Yamana exceeds gold production plans in Q1

The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.

U.S. cuts off Brazil tariff talks, adopts steel import quotas

Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks.

Vale eyes $1 bln in dividends each quarter this year

The comments came a day after Vale reported a first-quarter slide in profit of 36 percent on higher costs and lower iron ore prices.

Vale unsure if New Caledonia nickel operations will continue

A day after first quarter results showed a 36 percent slump in profit, executives said they were not satisfied with nickel prices.

Brazil's Vale 1st-qtr profit slumps by a third as costs rise

The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.

Is a new gold rush on in Brazil?

Cabral Gold Inc.'s Cuiu Cuiu gold project sits on what was once the territory of migrating miners who came during the Brazilian gold rush of 1978-1995.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Prosecutors, Samarco to ask more time for disaster's compensation plan

They are seeking to obtain 30 more days to finish details of the plan.

Brazil's Usiminas plans to raise steel prices, reopens furnace

Shares of the company rose over 2 percent on Tuesday on the outlook for stronger steel demand, driven by a growing recovery in Brazil's auto industry.

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.

Anglo gives 30-day leave to workers at suspended Brazil iron ore mine

The company halted production and transport operations for 90 days at the Minas-Rio mine to comply with a request by authorities that it inspects a pipeline that has leaked twice.

Brazil's Vale reports iron ore output slips in Q1

The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output.

Canada’s new player in Brazil gets to work

A diamond drilling campaign is about to start at the Salobro Zinc Project.

ICSID rejects BSGR’s motion in battle over Simandou iron ore project in Guinea

The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.

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.