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 Bom Jesus property, as a continuation of ongoing exploration to help identify additional drill targets.

DirecTV Group Inc. (DTV) announced it had acquired an additional 18.9 per cent stake in SKY Brasil from Globo Comunicacao E Participacoes SA. The investment for the stake was for a consideration of $604.8 million. DirecTV undertook the investment as part of a drive to expand in the U.S. and Latin America.

Eurofarma Laboratorios Ltda acquired the entire share capital of Segmenta Farmaceutica Ltda (Segmenta), a Sao Paulo-based manufacturer of pharmaceuticals. Terms of the investment were however not disclosed. On completion, Segmenta will be renamed Eurofarma Segmenta.

Brazil Hospitality Group (BHG S.A.) reported Tuesday the acquisition of two hotels in Belem, capital of the state of Para. The move adds another 190 rooms to its network and consolidates the company's position as the third largest hotel group in the country. Through these acquisitions, BHG has now planted its flag in the north and has a presence in all of Brazil's regions.

Chinese iron ore and real estate business Prosperity Minerals Holdings Limited announced a joint venture in relation to iron ore mining rights in Brazil. The Chinese firm has gone into a conditional agreement to acquire a 70 per cent interest in investment holding company Lead Hero for US$20 million.

Lead Hero will acquire a 50 per cent interest in UGL, a joint venture vehicle with Globest and its owner Li Ping, which will own about 602.3 sq km of exploration rights and 3.01 sq km of mining concession in the State of Ceará.

Coffey Mining, a subsidiary of Coffey International Limited subsidiary is to set up an R&D center in Brazil in conjunction with the state of Minas Gerais. Coffey Mining said it is working in partnership with the Minas Gerais state government in Brazil to develop a research and development centre, specializing in geo-technologies and advanced visualization using virtual reality.

Brazil's biggest investment bank BTG Pactual is to sell a $1.8 billion stake to a group of investors including the Rothschild and Agnelli families as well as Middle East and Asia funds. Italian investment holding Exor SpA, controlled by the Agnelli family, is participating in the group of international consortium that would acquire 18.65 per cent of the capital in BTG Pactual.

Compagnie Financiere Tradition SA is set to acquire 30 per cent of CM Capital Markets Holding SA, a leading brokerage group in Spain and Brazil. In a press release, the two firms said they had agreed on an acquisition of 30 per cent and 15.2 per cent shareholding in Capital Markets Holdings.

US based auto maker General Motors Co. (GM), is planning to invest an additional US$1.2 billion in the expansion of its operations in Brazil. General Motors is the world’s fourth biggest car maker and its plans for 2011investment are meant for the expansion and updates of its Brazilian operations.

US based Sara Lee Corp. Tuesday reported it had signed an agreement to acquire Café Damasco, a coffee business based in the southern region of Brazil. The acquisition price represents a multiple of around one time annual sales. The transaction is expected to close on November 30th and will be filed with the Brazilian competition authorities for review and approval.

PrimeHoldings.com Inc announced that its subsidiary TimeMarker Inc has concluded the acquisition of Brazil’s IT-Bibow INFO Ltd. PrimeHoldings.com Inc. is a diversified holding company with early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software.