Brazil's Senate passed a bill on Wednesday that tightens the safety rules and inspection for dams in the mining industry, setting fines of up to 1 billion reais (US$ 200 million) for failure to comply.
Brazil obtained a record trade surplus of US$ 6,6 billion during the month of August, the highest for the month since 1989. However overall dropped with exports sliding 5.5% to US$ 17,741bn and imports, 25,1%, to US$ 11,133bn. In eight months the trade surplus reached US$ 36,594bn, the third-best historically in the last forty years.
The government of the wine-producing province of Mendoza, suspended the rule of the mining law 7.722 that had given the green light for chemicals such as cyanide and sulfuric acid to be used by the industry, but which threaten the water resources of that territory.
Brazil's President Michel Temer has approved a law to create a National Mining Agency (ANM), according to a statement published in Wednesday's edition of the country's official gazette.
The British Embassy in Chile participated at the mining conference Medmin to strengthen the importance of British innovative solutions for the mining sector in a country which is highly dependent on minerals and is the world's leading exporter of copper.
Mining companies in Argentina have sharply reduced exports because they are unable to meet a new government rule forcing them to cash in the proceeds within 30 days, the head of an industry group said.