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. […]
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 […]
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 […]