Brazil’s CSN net profit soars on mining performance
Brazilian steelmaker and mining group CSN’s net profit jumped by more than fourfold in the fourth quarter, sending its shares higher on Thursday on the back of a solid performance in its mining business.
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Brazil’s President Lula says he will not discuss Vale’s CEO succession
Brazil’s president, Luiz Inacio Lula da Silva, said in an interview on a local TV station on Tuesday that he would not discuss miner Vale’s CEO succession.
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BHP to review $9.7 billion charge over Brazil dam failure
BHP said on Friday it had yet to receive a formal notification from Brazilian authorities about a court decision sentencing it to pay 47.6 billion reais ($9.7 billion) in damage repairs over a burst tailings dam in 2015.
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Lula never discussed Vale’s CEO succession, says Brazil minister
Contradicting media reports, Brazil’s Mines and Energy Minister Alexandre Silveira said on Friday that President Luiz Inacio Lula da Silva has never engaged in discussions about the CEO succession at mining company Vale.
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Brazil’s Lula slams miner Vale over 2019 Brumadinho disaster
Brazilian President Luiz Inacio Lula da Silva on Thursday criticized mining giant Vale for “not having done anything to repair the destruction” caused by the collapse of a tailings dam in Brumadinho in 2019.
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Plaintiffs demand 582m euros from TÜV Süd over Brazil dam burst
More than 1,400 plaintiffs are demanding over 582 million euros ($634 million) in damages from German industrial inspector TÜV Süd over its alleged role in the deadly collapse of a dam in Brazil, their lawyers said on Thursday.
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Brazil probes Mercado Libre sales of mercury used by illegal gold miners
Public prosecutors chasing illegal gold mining in Brazil’s Amazon region on Wednesday opened an investigation into on-line sales of mercury through Mercado Libre, Latin America’s largest e-commerce site.
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Brazil’s J&F to invest more than $1 billion in mining assets bought from Vale
Mining News Pro - Brazilian holding firm J&F Investimentos will invest more than $1 billion in the mining assets it bought from Vale last year, it said.
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Brazil’s Batista brothers to invest $1 billion to boost iron ore mines
Mining News Pro - The billionaire Batista brothers behind Brazilian beef giant JBS SA are preparing to invest more than $1 billion to expand production at mines they acquired last year from Vale SA.
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BYD looks to buy lithium assets in Brazil in EV raw material push
Mining News Pro - BYD Co. is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric car production outside Asia.
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Brazil mineral rights dispute casts shadow on Sigma Lithium expansion
Mining News Pro - A Brazilian court injunction is halting the sale or mining of two plots of land where takeover target Sigma Lithium is planning open pits, according to court documents seen by Reuters.
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Brazil’s Mura people back Amazon potash mine
Mining News Pro - Canada’s Brazil Potash has scored a key win in its battle to build its $2.5bn Autazes project in the state of Amazonas as the local indigenous Mura people have voted in favour of the development, said the company’s CEO Matt Simpson.
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Vale, H2GS mull industrial hubs in Brazil, North America
Mining News Pro - Brazilian miner Vale said on Wednesday it has signed an agreement with Sweden-based H2 Green Steel (H2GS) to study the joint development of industrial hubs in Brazil and North America as part of its decarbonization efforts.
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Vale loses bid to block BHP’s London lawsuit in Brazil dam case
Mining News Pro - Vale on Monday lost a bid to block BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster.
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Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm
Mining News Pro - Saudi Arabian Mining Company, known as Ma’aden, has agreed to acquire a 10% stake in Brazil’s base metals company Vale, it said in a bourse statement on Sunday, as part of a strategy to invest in global mining assets.
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Largo worker killed in chemical plant accident in Brazil
Mining News Pro - Toronto Ontario-based mining company Largo Inc said on Saturday that an employee had died due to an accident at the chemical plant on a mine in Brazil.
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Glencore, carmakers lead $1bn acquisition of Appian nickel-copper mines in Brazil
Mining News Pro - Private equity firm Appian Capital Advisory is selling its wholly owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Company Limited (LON: ACG) for $1 billion cash, with capital coming from battery metals hungry actors, including Glencore (LON: GLEN) and Volkswagen.
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Brazilian iron ore state wants to lure lithium investors
Mining News Pro - The Brazilian state with some of the world’s biggest iron ore mines wants to attract investors to its lithium deposits in a bid to feed growing demand for the key material in electric-vehicle batteries.
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Brazilian iron ore state wants to lure lithium investors
Mining News Pro - The Brazilian state with some of the world’s biggest iron ore mines wants to attract investors to its lithium deposits in a bid to feed growing demand for the key material in electric-vehicle batteries.
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Brazil’s Mura people report threats amid pressure to approve Amazon potash mine
Mining News Pro - Leaders of Brazil’s Mura people said on Friday tensions have risen in the Autazes region where they live after a federal agency crew visited the area to discuss potentially demarcating their ancestral land, which overlaps with an area where a Canadian company wants to build a potash mine.
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Horizonte closer to beginning production at Brazil nickel project
Mining News Pro - Horizonte Minerals (AIM, TSX: HZM) said on Monday it was on track to begin production at its Araguaia nickel mine in northern Brazil in the first quarter of 2024.
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Brazilian Air Force destroys aircraft used to smuggle gold from the Yanomami traditional territory
Mining News Pro - The Brazilian Air Force (FAB) destroyed, on land, a small aircraft used to smuggle gold out of the traditional territory of the Yanomami in the Roraima state, near the border with Venezuela.
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New tool could help Brazil’s crack down on illegal gold mining
Mining News Pro - Brazilian gold aggregator Fênix DTVM and Minespider, which runs a traceability platform for tracking down the precious metal through the supply chain, completed this week the first stage of a project that aims to make Brazil’s gold sector transparent.
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New tool could help Brazil’s crack down on illegal gold mining
Mining News Pro - Brazilian gold aggregator Fênix DTVM and Minespider, which runs a traceability platform for tracking down the precious metal through the supply chain, completed this week the first stage of a project that aims to make Brazil’s gold sector transparent.
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Brazil okays BHP’s $6.6 billion acquisition of OZ Minerals
Mining News Pro - Brazilian regulators have cleared BHP’s intended acquisition of Australian copper-gold producer OZ Minerals for A$9.6 billion ($6.6bn), bringing the world’s no.1 miner closer to securing its biggest deal in more than a decade.
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