Brazil: Sale of Iron Ore Projects Is Weighed
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The British mining company Anglo American is in exclusive negotiations to pay $5.5 billion for control of iron ore projects owned by a Brazilian mining concern.
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By Andrew Hay BRASILIA, Brazil  - Brazil made progress in itsambitious plan to hand out land to poor peasants in 2004, butstill fell short of goals aimed at narrowing chronic wealthinequality, government data released on Wednesday show.
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According to anba: Five Arab countries are among the 30 main buyers of Brazilian agribusiness products. Saudi Arabia, Algeria, Egypt, the United Arab Emirates and Morocco, together, answered to almost 5.5% of revenues generated by sector foreign sales, which totalled US$ 43.6 billion last year.
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Rio Tinto Ltd./Plc.'s   second-half net profit rose 25 percent, driven by higher prices for key commodities such as iron ore, aluminum and copper, and said capacity was fully stretched as it tries to meet demand.
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Petrobras, Brazil's state-owned petroleum giant, opened a bidding process Thursday for construction of 42 oil tankers to be built for an estimated $1.9 billion (euro1.44 billion), the company said.
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The Latin American gold miner ups the ante in its takeover bid once again.
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ANDREW Forrest&#39;s dream of becoming a third iron ore force in the Pilbara moved a step closer yesterday. The Fortescue Metals chief executive last night announced the signing of three Chinese contracts supporting
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Brazilian government released federal budget figures Friday showing an unprecedented primary budget surplus of 10.9 billion reals (&#36;3.8 billion) in August, putting Brazil well ahead of performance targets set in a loan agreement with the International Monetary Fund.
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Global mining giant Anglo American says it has approved the construction of facilities to mine nickel in Brazil, amid record high prices for the metal.
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Brazilâs newfound economic stability and changes in lending laws are for the first time making it possible for the countryâs working poor to buy their own homes.
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In a retail market keen on the word ânatural,â exports of Brazilâs beauty products have been rising quickly.
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Brazil recognized China as a market economy on Friday, a move that should make it easier for the two countries to do business. Brazilian oil giant Petrobras and China Petroleum and Chemical Corp.
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The Russian government will sell its stake in the nation's largest steel mill, Magnitogorsk Iron &amp; Steel Works, at an open auction next month, the Russian Federal Property Fund said Friday.
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SAO PAULO, Brazil  - Brazil's drive to increase  computer software exports is beginning to show results and the  government expects the sector to sell about $400 million abroad  this year, four times what it exported in 2001.
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Investor's Business Daily - America Movil, already the biggest wireless firm in Latin America, has emerged as the most likely buyer of Telecom Italia's wireless phone business in Brazil.
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Investors are increasingly optimistic about the state of the Brazil's economy as Brazilian share prices hit a record high.
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Rio Tinto , which is fighting off a takeover approach from rival BHP Billiton , said on Monday it would spend $71 million on a study to expand its Hope Downs iron ore mine in Australia.