Tag Archives: mining

South Africa’s AECI announces investment plan in Brazil

South Africa’s AECI is looking to spend up to 1 billion rand ($148 million) on acquisitions of chemical companies in Brazil. AECI is a maker of industrials chemicals and explosives for  the mining and manufacturing sectors. The Group has completed … Continue reading

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Brazilian steelmaker CSN sells stake in Australian coal miner for $830 million

CSN or Companhia Siderurgica Nacional (NYSE: SID) struck a deal to sell its 19.9 percent stake in Australian coal miner Riversdale to mining giant Rio Tinto for $830 million (AUD$780 million), according to its securities filing. CSN, Brazil’s largest diversified … Continue reading

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Brazilian banks mergers: BTG Pactual partners with SMBC and Itau buys stake in Carrefour Bank

In the past days, Brazilian banks mergers hit the news. First, it was Banco do Brasil, acting according to its internationalization strategy, just acquired another bank in Argentina. Now, BTG Pactual, an independent investment bank in Brazil, signed a memorandum of … Continue reading

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Lula in Guinea Conakry to support Vale

Lula was in Conakry, capital of Guinea last Tuesday (22/02/2011). The charismatic and prestigious ex- Brazilian president came for a ceremony about the beginning of the works of Vale in Guinea. Vale, the largest Brazilian company and the largest exporter … Continue reading

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Rio to host international investment event next month

Exploring business opportunities in Brazil is a good excuse to go to Rio next month for the Rio Investment 2011. Investors from all over the world are expected in Rio from March 22-24 for Rio Investment 2011. A meeting place for … Continue reading

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Please welcome: EBX International, the latest Brazilian multinational

The Rio based EBX Group is planning to strengthen its presence outside Brazil and announced the openning of an office in New York to host EBX International. According to Eike Batista, chairman of the group: “with the creation of EBX and … Continue reading

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Electricity consumption in May: Strong Growth

Electricity consumption in May went up 10.5% YoY, according to the Federal energy research bureau (EPE). Industrial segment was the main responsable for this figures. Industrial consumption reached +15.4% YoY. It means that   industrial activity is growing fast.g relevant growth. … Continue reading

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