Lawsuit is against Norwegian Norsk Hydro for pollution in Pará 06/23/2022 Tailings treatment system at the Hydro Alunorte mining facility that caused a spill in Barcarena, Pará — Foto: Igor Brandão/Agência Pará via Agência Brasil The courts in the Netherlands will decide this Friday whether to accept the lawsuit filed by quilombolas and indigenous people […]
Talks have also begun to increase emergency aid, plans are underway to increase gas voucher 06/23/2022 Rodrigo Pacheco — Foto: Roque de Sá/Agência Senado Pressured by the crisis of high fuel prices and the preventive detention, on Wednesday, of former Education Minister Milton Ribeiro on suspicion of corruption, the federal government and the governing coalition […]
Consistent delivery of business jets during Covid-19 pandemic, increasing use of fleet contributed to decision 06/22/2022 In the next three years, 150 new workers are expected to join the center’s current 150 employees — Foto: Celso Doni/Valor Embraer, the world’s third-largest commercial plane maker, doubled the useful floor area of its service center in Sorocaba, […]
Policymakers seem to hope that situation will improve to the point of making additional hike unnecessary 06/21/2022 Central Bank’s building in Brasília — Foto: Jorge William/Agência O Globo Central Bank’s Monetary Policy Committee (Copom) is now considering the possibility of maintaining interest rates at a high level for longer to meet the inflation target. This […]
Indicator was up 0.3% in comparison to March and 1.8% 06/21/2022 The Brazilian economy grew 0.3% in April compared to March, with increases of 1.8% in the quarter ending in April compared to the previous quarter, and of 2.8% compared to the same period in 2021, according to the GDP Monitor reading, announced on Monday […]
Operation may suffer new setback as Mitsui rejects format proposed for deal 06/22/2022 On the eve of decision of the antitrust regulator CADE on the acquisition of Petrobras’s 51% stake in Gaspetro by Cosan’s Compass, the R$2 billion operation may suffer new setbacks. Valor has learned that Mitsui Gás e Energia, the state-owned company’s partner […]
Investments will be directed to expansion of areas for refrigerated cargo, purchase of cranes 06/21/2022 Terminal de Contêineres de Paranaguá (TCP), controlled by China Merchants Port, will start an investment plan of nearly R$370 million, which will be injected by the end of 2023. The goal is to increase capacity, both for storage and cargo […]
Law update to end restrictions seen as positive by specialists 06/21/2022 The Bolsonaro administration is betting on a bill being considered by the Chamber of Deputies to update the law on forest concessions and unlock the auction of nine areas this year. The proposal, authored by an oppositionist federal deputy, has already been approved by […]
Idea is to meet interests of shareholders – Vale and BHP Billiton – and the company’s creditors, sources say 06/21/2022 Otávio Honorato/Divulgação Samarco — Foto: Samarco plant in Mariana, Minas Gerais The Steinbruch family’s CSN group, which aims to become a global iron mining giant, is preparing a plan that may solve the imbroglio that […]
Emissions must be priced even in activities in countries still lacking a regulated carbon market, like Brazil, executive says 06/20/2022 Charles Fernandes — Foto: Leo Pinheiro/Valor Companies that want commitments to sustainability need to start including the cost of carbon emissions in their operations, said Charles Fernandes, managing director and country chair for Brazil at […]