RIO DE JANEIRO/SAO PAULO Brazil's Vale SA is expecting its results to improve in the third quarter after the company surprised analysts by posting a quarterly loss because of writedowns related to a deadly dam burst in January, its chief financial officer said on Thursday.
SAO PAULO Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.
SAO PAULO, July 15 Brazil's largest credit card
processor, Cielo SA, is tightening its belt amid
fierce competition with rivals like PagSeguro Digital Ltd
and StoneCo Ltd to boost profitability and
free up money for new products.
SAO PAULO/Brasilia Belo Sun Mining Corp said on Friday it had won a legal victory in its push to mine the country's largest undeveloped gold deposit in the Amazon rainforest, which has drawn criticism from environmentalists and indigenous advocates.
BRASILIA Brazil plans to put about 1,000 mining areas up for auction this year including areas containing gold, copper and iron ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday.
BRASILIA/SAO PAULO Iron ore miner Vale SA's chief financial officer and its former chief executive should be indicted for murder, a Brazilian Senate committee probing a deadly dam collapse recommended on Tuesday.
RIO DE JANEIRO/SANTIAGO Brazilian miner Vale SA expects to restore capacity lost after the deadly Brumadinho tailings dam burst within two to three years, executives said on Friday, emphasizing that the company is not rushing to resume full output.
SANTIAGO/RIO DE JANEIRO Brazil's Vale SA set aside $4.95 billion to pay for costs from the collapse of its Brumadinho tailings dam, driving the world's top iron ore miner deep into the red as it reckoned with the aftermath of one of the country's deadliest industrial disasters.
SAO PAULO Brazilian iron ore miner Vale on Wednesday announced a series of writedowns and provisions related to the Brumadinho tailings dam collapse that killed some 300 people two months ago, saying there would be an affect on future results.