Brazil's tarnished oil industry polishes image with rights sale

For the first time in nearly five years, Brazil's flagging oil industry has received serious interest from private investors. Brazil's oil agency, the ANP, sold 142 exploration areas to 39 companies from 12 countries on Tuesday, wrapping up the...

Petronas bolsters Brazil's Batista with $850m oil-field buy

Malaysian state oil company Petronas agreed to pay $850-million for a stake in two Brazilian offshore oil blocks, bolstering billionaire Eike Batista who is selling assets to keep his energy, mining, port and shipbuilding empire afloat. Petronas,...

Vale sees iron ore in $110-$160 range on China demand

Brazil's Vale, the world's second-largest mining company, said on Thursday it considers the Chinese iron-ore market to be robust and that it will be difficult for the price of the main steelmaking ingredient to fall below $110/t. Demand for...

Vale says govt sensitive to industry concerns on mining reform

Brazil's Vale, the world's second-largest mining company, said on Thursday that the government had been attentive to the mining industry's concerns in drafting a regulatory reform. Murillo Ferreira, Vale's CE, made the statement during a...

Vale reports Q1 profit of $3.11bn, beating analysts estimate

Brazil's Vale, the world's second-largest mining company, said on Wednesday that first quarter net profit fell 18% from a year earlier, beating expectations. Results were hurt by lower sales, higher tax payments and weaker currency gains. Profit...

Amplats, Minas Rio expected to be Cutifani’s biggest headaches at Anglo

Analysts in the South African mining industry believe that new Anglo American CEO Mark Cutifani’s biggest challenge might be platinum mining company Anglo American Platinum (Amplats), based on the recent volatility of the sector, plagued by...

Amplats, Minas Rio expected to be Cutifani’s biggest headaches at Anglo

Analysts in the South African mining industry believes that Anglo American’s new CEO Mark Cutifani’s biggest challenge might be platinum mining company Anglo American Platinum (Amplats), based on the recent volatility of the sector, plagued by...

DIGGING DEEP

Workers from the Novo Porto Consortium, a group funded by a mix of public and private agencies, look on as debris is lifted out of the Binario tunnel in Rio de Janeiro, Brazil. The tunnel is part of the $4-billion Porto Maravilha infrastructure...

Railway problems frustrate Vale in Mozambique

Last week, the Mozambican operation of Brazilian major mining group Vale had to declare force majeur because of disruptions on the Sena railway from Tete to Beira, which the company uses to export the coal produced by its Moatize mine. In its...

Rio Tinto’s $3.9bn Mozambique coal bid may be scuppered by lack of rail, port capacity

Rio’s $3 Billion Mozambique Coal Bid Runs Off the Rails: Freight  Rio Tinto Group’s foray into Mozambique, which cost the world’s No. 2 mining company $3 billion, has highlighted a lack of rail and port capacity that threatens to check a...

Minas-Rio iron-ore project, Brazil

Anglo American has completed the detailed cost and schedule review of its Minas-Rio project, which was announced in November 2012.

Minas-Rio iron-ore project, Brazil

Anglo American has reported that since July, efforts to resolve the licensing challenges at the iron-ore project have continued.