Canacol Energy Ltd announced it is to spend US$ 106 million capital budget in 2011 for exploration and development activities in Brazil, Colombia and Guyana. The budget includes the drilling of 39 gross wells (13 net wells), which include 6 exploration wells and 33 appraisal and development wells.
The budget also includes the acquisition of 650 [...]

Anglo American Plc announced Tuesday it is to invest upwards of 1.3 billion reais with its Brazilian partner LLX Logistica SA in a port project. Anglo American Plc is the world’s fifth-largest base-metals producer by market value. In a release, the Brazilian firm reiterated Anglo American Plc had agreed to invest as much as $770 [...]

Spanish energy company Repsol said on Tuesday it had completed a capital hike of $7.1 billion subscribed by China’s Sinopec in order for the Asian giant to acquire 40 per cent of a joint venture in Brazil. In a regulatory announcement, Repsol added it would book capital gains of $3.757 billion from the deal, which [...]

According to a report filled by Reuters, French oil group Total is keen on a Brazilian foray that will see it produce a range of biochemicals with its partner firm in the country, Amyris Inc.
Total announced it is planning to enter Brazil’s sugarcane industry through its technology partner Amyris Inc to produce a range of [...]

Hypermarcas SA, the Brazilian consumer-goods reported that it will be making a payment of around 2.5 billion reais, about $1.5 billion, for drugmaker Mantecorp Industria Quimica & Farmaceutica SA. The Brazilian firm has recently made over 10 acquisitions, spanning the last one year. However, its announcement of the latest investment saw its share decline.
The firm [...]

New Era Cap Co., Inc., the international headwear and apparel brand, announced Thursday it acquired a stake in MARC4, a privately-held fashion brand management company in Brazil. MARC4 designs, distributes and markets apparel, shoes, headwear and other accessories under licensed brands throughout the country, and has been New Era’s official distributor in Brazil since 2006.
Through [...]

A.P. Møller-Mærsk’s wholly owned subsidiary Maersk Oil has agreed with SK Energy Co. Ltd to acquire SK do Brasil Ltda. for $2.4 billion on a cash and debt-free basis. The acquisition is subject to customary conditions, including governmental approval and will not affect the 2010 financial result of A. P. Møller – Mærsk A/S, read [...]

Chinese firm State Grid announced it had bought seven Brazilian power distributors for a $1 billion, the latest in a string of Chinese takeovers of South American energy assets betting on rapid growth. State Grid has also won a 30-year license to operate power lines and other infrastructure in Brazil’s heavily populated southeast, the Chinese [...]

Bullion Monarch Mining has reported making progress on the previously announced plans to obtain several gold targets in Brazil through its intended purchase of Dourave, a private Canadian company. Specific property information and exploration plans will be released publicly once the agreements have been finalized. Bullion Monarch initiated an extensive stream sediment survey on the [...]

Noble Group has entered into agreements to acquire Catanduva and Potirendaba sugar mills in Sao Paulo, Brazil for US$950 million. The acquisitions will propel the Group into the top tier of sugar cane milling companies globally, taking the combined annual potential crushing sugar cane capacity that Noble will control to 17.5 million tonnes.
The two mills [...]