SAO PAULO, July 4 Brazil's benchmark Bovespa
stock index gained 2 percent on Thursday, as investors
snapped up cheap shares of mining firm Vale SA and
oil producer OGX Petroleo e Gas Participacoes SA
following recent losses in the stocks.
Vale said late Wednesday that it received a license from
Brazil's Environmental Protection Agency to build a $19.5
billion expansion to its giant Carajas iron ore mining project,
while OGX on Thursday posted a 26 percent increase in oil
production for June.
At 10:27 a.m. (1327 GMT), the Bovespa was up 2.05 percent to