The idea is to secure fresh funds within six months for feasibility and engineering work at the Los Azules project.

The Brazilian mining giant is accelerating production, posting its best December in five years.

Total spending surged 17% last year to $1.8 trillion in installing renewable energy, buying electric vehicles, building hydrogen production systems and deploying other technologies

The operations authorized in the license had been issued in October alongside others on oil and gas production.

The company produced 89.40 million metric tons of iron ore in the last three months of 2023.

The Minas Gerais state prosecutor general says the companies risk paying a lot more in court.

Again and again, Brazil is showing just how quickly money managers are willing to shrug off disasters.