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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Oil drop gives little room for more Selic cuts

Even with crude below policymakers’ forecasts, markets see rates staying high amid fiscal concerns and unanchored expectations       07/06/2026  The sharp drop in international oil prices, now hovering near levels seen before the start of the war in Iran, may not translate into much more room for monetary easing. Across the interest-rate market, […]

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