Brazil urges U.S. to drop proposed 12.5% tariff

Lula administration says punitive trade measures would cause unnecessary economic damage and warns against unilateral actions         07/07/2026  President Luiz Inácio Lula da Silva’s administration filed on Monday (6) a response to the findings of an investigation conducted by the Office of the United States Trade Representative (USTR) under Section 301. In […]

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Police suspect mining entrepreneur used Reag funds to hide assets

Investigation says Lucas Kallas may have used fund structures to launder money from alleged mining fraud     07/06/2026  Brazil’s Federal Police suspect that mining entrepreneur Lucas Kallas, who has been indicted for environmental crimes and unauthorized mining, may also have used Reag’s investment fund structure to hide assets and launder money from his alleged […]

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Alcoa to buy South32’s alumina and bauxite assets for $4.1bn

Deal spans Australia, South Africa, Brazil, including stakes in MRN, Alumar, with synergies estimated at $900m       07/06/2026  Alcoa announced on Tuesday (30) a final agreement to acquire South32’s interests in bauxite, alumina, and aluminum assets for approximately $4.1 billion in a cash-and-stock transaction. The deal covers operations in Australia, South Africa, and Brazil—including stakes […]

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