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Entries by Gelcy Bueno

Brazil’s public banks to face restrictions on international loans

Lower House is moving to limit loan capabilities; industrial sector criticized measure, citing risks 12/05/2024 In a setback for the Lula administration, the Constitutional and Justice Committee (CCJ) of Brazil’s Lower House approved on Wednesday (4) a constitutional amendment proposal (PEC) mandating that loans from federally controlled state-owned banks require congressional approval when involving international operations. […]

Chinese mining group Baiyin enters Brazil with Vale Verde acquisition

Controlled by Appian funds, Vale Verde focuses on ore processing 12/05/2024 Chinese mining group Baiyin Nonferrous is acquiring Brazil’s Mineração Vale Verde, owned by British private equity manager Appian Capital Advisory, Valor’s business website Pipeline learned. The mining company operates the Serrote mine in the state of Alagoas, specializing in copper concentrate production. The acquisition […]

Petrobras and Ecopetrol uncover Colombia’s largest gas basin

Gas volumes confirmed at the site surpass 6 trillion cubic feet 12/05/2024 Petrobras and Colombian company Ecopetrol have announced the largest gas discovery in Colombia’s history with the drilling of the Sirius-2 well, where gas volumes exceeding 6 trillion cubic feet (Tcf) have been confirmed. The consortium is set to invest $1.2 billion in the […]

Brazil poised to become the “Saudi Arabia of carbon markets”

Milken Institute hosts São Paulo meetings to showcase sustainable investment opportunities 12/02/2024 Executives from the Milken Institute, an American think tank that connects philanthropists and investors globally, are holding their first major event in São Paulo this week. The gathering brings together entrepreneurs, CEOs, public officials, and environmental specialists to explore investment opportunities, particularly in […]

Belo Sun Mining Announces Federal Court Ruling on INCRA Agreement

Dec 2, 2024 TORONTO, Dec. 02, 2024 (GLOBE NEWSWIRE) — Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX, OTCQB:BSXGF) reports that the Federal Court of Altamira, has ruled on a case filed by the Federal Public Defender’s Office (DPU) and the Public Defender’s Office of the State of Pará (DPE) in 2022 contesting the […]

Market frustration over fiscal plan fuels new wave of deterioration

Lack of fiscal sustainability drives projections for a stronger U.S. dollar and higher interest rates 12/02/2024 The long-awaited announcement of Brazil’s fiscal measures, which had been seen as a potential stabilizer for domestic assets amid worsening conditions in global markets, has instead fueled further deterioration in local prices. Experts warn that higher levels for the […]

CBA to recycle Tetra Pak packaging

Facility set to reach industrial scale in early 2025 11/26/2024 The Companhia Brasileira de Alumínio (CBA) is set to establish a plant dedicated to recycling flexible and carton packaging—commonly known as Tetra Pak—made of layers of paperboard, plastic, and aluminum, used for preserving food and beverages. Swedish multinational company Tetra Pak is the first partner […]

Carrefour apologizes, reaffirms commitment to Brazilian agriculture

French group highlights Brazil’s strict standards, high-quality beef, and longstanding partnership 11/26/2024 Carrefour Brasil released a letter on Tuesday (26) clarifying that its recent “statement of support for the French agricultural sector,” issued last Wednesday in the context of the EU-Mercosur trade agreement, was never intended to pit French agriculture against its Brazilian counterpart. The […]

Brazil powers AWS with renewable energy, CEO says

Amazon’s cloud computing giant, now under new leadership since June, continues to dominate the market 11/21/2024 The global cloud computing market reached $84 billion in the third quarter, driven by companies storing and transferring vast amounts of data—a trend attracting billions of dollars in investments. These investments are not only for building data centers but […]