Archive for the ‘Mining in Brazil’ Category

Brazil Resources Inc. acquires Maua Project in the emerging Gurupi Gold Belt located in Maranhão State

Comments Off | 09-17-2011

Brazil Resources Inc. announced the acquisition of the 24,678 acre Maua Project in the emerging Gurupi Gold Belt located in Maranhão State, Brazil. The project is located approximately 2.5 km. west of the Company’s Montes Áureos Gold Project. This is the Company’s third acquisition in the Gurupi Gold Belt, and increases the total land package [...]

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Brazilian Metals Group to acquire highly prospective block of iron ore tenements

Comments Off | 09-12-2011

Brazilian Metals Group Limited (BMG) Friday entered into an option agreement to add a highly prospective block of iron ore tenements to its Rio Pardo iron project in Northern Minas Gerais, in Brazil.
The new tenement block is called the Catuti block, and is located in the Mato Verde area; 13 km west of the city, [...]

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Cabral Resources Limited acquires Potential Hematite DSO Project

Comments Off | 08-19-2011

Cabral Resources Limited announced that it has entered into an Option Agreement to acquire an exciting new hematite project in Bahia, Brazil. The area acquired lies within a region of known hematite and magnetite mineralization associated with an anomalous aeromagnetic signature.
Hematite enrichment with potential for direct shipping ore (DSO) production is known to occur locally. [...]

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Centaurus in acquisition to capitalize on strong manganese demand from domestic steel industry in Brazil

Comments Off | 08-17-2011

International iron ore company Centaurus Metals Ltd announced Monday that it has secured an exclusive option over a strategically located manganese project in the State of Minas Gerais, south-eastern Brazil.
The investment positions Centaurus to further expand its regional manganese exploration portfolio and develop a small-scale manganese project that would complement the Company’s emerging iron ore [...]

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Cancana Resources Corp. renegotiates acquisition of Amazon Resources Limited

Comments Off | 08-2-2011

Cancana Resources Corp. announced Friday that it has successfully renegotiated the acquisition of Amazon Resources Limited.
Following the renegotiations that Cancana has held with the Board of Directors of Amazon, the Amazon shareholders who originally accepted the Share Exchange Agreement (SEA) proposed on November 22, 2010, have now agreed to the revised terms of the acquisition.
On [...]

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NMDC in talks to acquire controlling stake in Brazilian mining firm for $1 billion

Comments Off | 06-26-2011

The Economic Times (ET) Friday quoted two sources, indicating that Indian state-run iron ore miner, National Mineral Development Corporation (NMDC), is in talks to acquire controlling stake in mining firm Greystone Mineracao do Brasil for $1 billion.
The transaction amount includes the cost of building infrastructure to develop the mines. NMDC is currently doing a technical, [...]

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Eagle Star Minerals Corp. acquires mineral concessions in North East Brazil

Comments Off | 06-23-2011

Eagle Star Minerals Corp. announced that it has received approval from the National Mining Agency of Brazil (DNPM) of its application for 39 mineral claims covering an area of 80,000 hectares in the centre of the state of Piaui – Northeast Brazil. The concessions are located in areas with extensive phosphate potential.
The Phosphate occurrences are [...]

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Centaurus Metals Ltd acquires portfolio of tenements in south-eastern Brazil

Comments Off | 06-18-2011

International iron ore company, Centaurus Metals Ltd, announced Friday that it has acquired a portfolio of tenements in south-eastern Brazil known as the Serra do Lontra Project. The acquisition is the initial basis of Centaurus’ strategy to export 1-2Mtpa of high-grade hematite to international markets by mid-2014.
The Serra do Lontra Project is found in the [...]

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Central Resources Inc. acquires Brazil’s Koch Petróleo do Brasil Ltda

Comments Off | 06-11-2011

Central Resources, Inc. announced Thursday that its affiliate, Central Brazil Coöperatief U.A., (Central), has acquired Koch Industries International B.V., an affiliate of Koch Industries, Inc.
Koch Industries Inc. operates an oil and gas exploration and production business in Brazil through its subsidiary, Koch Petróleo do Brasil Ltda (KPB). The transaction occurred on May 27, 2011 with [...]

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MMX Mineracao e Metalicos SA acquires control of PortX Operacoes Portuarias SA

Comments Off | 05-25-2011

According to the Wall Street Journal, Brazilian iron-ore miner MMX Mineracao e Metalicos SA acquired control of sister company PortX Operacoes Portuarias SA, allowing it to fully integrate its mining, port and shipping operations and to offer port services to third parties.
MMX, controlled by Brazilian billionaire Eike Batista, acquired 92.28% of PortX, which is also [...]

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