Brazil's government is considering creating an iron ore export tax meant to spur investment in local steel production, a leading Brazilian newspaper reported on Friday. The measure is in the framework of President Dilma Rousseff’s intention of cutting Brazil’s reliance on non processed commodities exporter.
Brazilian corporation Vale, the world's biggest iron ore miner, listed on Wednesday at the Hong Kong stock exchange where it traded at a premium to New York's close, as the company looks to raise its profile among Asian investors.
Brazil’s Vale Doce, the world’s largest iron-ore producer, is aiming to boost copper output more than fivefold by 2015 as it seeks to diversify sales and catch up with rivals, announced top officials from the company during the inauguration of a project in Chile.
A Lula da Silva Institute will be fully involved in Africa, the world’s poorest continent, and (Brazilian) President Lula will be fully dedicated to that task when he steps down from office next January first, announced a top Brazilian official.
Brazil’s Vale Rio Doce, the world’s biggest iron- ore miner, said it is not planning any more acquisitions because it has enough assets to double its capacity.
Brazilian mining conglomerate Vale Rio Doce announced this week that it will make a public offer to acquire Paranapanema, the country’s largest copper smelter, as part of a bid to become one of the world’s leading producers of the red metal.