Canadian mining company, Stronghold Metals Inc. announced it has bought Mineracao Vale do Sonho Ltd, a Brazilian mining company, by buying all of its issued and outstanding quotas from the company’s quotaholders.  This follows a May press release the Canadian miner had issued detailing the investment deal when it was first entered with the Brazilian [...]

In a study done by McKinsey, an international consultancy firm, Brazil needs to make about US$19 billion of investments into its airport infrastructure. The study found that Brazil’s 20 main airports need massive investments in upgrades to enable them cater for the growing passenger traffic demand up to 2030. The study further concludes that airports [...]

Mafrig Foods, a Brazilian meat packer, announced Tuesday that it had concluded an agreement that allows it to purchase Keystone Foods, a US distributor, for $1.26 billion. Keystone Foods serves over 28,000 restaurants in thirteen countries across the globe and boasts pioneering the development of boneless chicken nugget. In 2009, the company had net revenue [...]

The United Business Media (UBM) Tuesday said it had successfully carried out three acquisitions in its bid to expand its business in Brazil and take advantage of the rapidly diversifying South American economies. With the investments, UBM in particular, expects to gain from the exposure it now has to the large investment in infrastructure construction [...]

Petrobas, Brazil’s state-run oil giant, announced Monday, its readiness for a planned share sale to raise a capital of $25 billion to be used in the funding of development of Brazil’s numerous subsalt oil reserves. However, the details of the rights issue are yet to be disclosed but a share placing is expected early and [...]

Centaurus Metals finished the acquisition of 100% interest in Jambreiro Iron Ore project in the Brazilian state of Minas Gerais. This new investment in south eastern Brazil is expected to be crucial for the company’s iron ore business in Brazil. Centaurus will acquire the investment from a Brazilian cellulose and forestry company, Celulose Nipo-Brasiliero SA [...]

HCL Technologies, an IT services firm, announced that it plans to focus on expansion in the Brazilian market for IT and ITES services. Currently, the Brazilian market for IT and ITES is estimated at about $15 billion and HCL’s plan is aimed at expanding and strengthening its infrastructure services availability in the country. Alone, the [...]

Rhodia, a French chemical group, plans to turn its division in Brazil to an export base. However, according to the company’s CEO, Marcos De Marchi, logistics and infrastructure challenges are hampering the company’s foreign sales. The Brazilian division, Rhonda Brasil, earns about US$300 million per annum in exports, representing 30% of the division’s revenue generation.
With [...]

In a record funding for the Agricultural sector, the Brazilian government said it will offer finance of $54 billion for the coming farming season in the country. According to a statement from the country’s Ministry for Agriculture, this new funding presents an 8% increase from the 2009 funding. In the fund, about $33 billion is [...]

 
The Bank of America and Barclays Bank Plc predict that their investments in Brazil may slow in the days leading to and after the Brazilian election, coupled with the month long lull that has resulted in the Brazilian Real’s worst performance in Latin America. It is expected that with these investments freezing, the Brazilian Real’s [...]