Lumina Gold secures improved Ecuador terms with Cangrejos mining permit, analyst says
The contract includes $25 million in advance royalty payments to the government split into four stages.
Brazil’s Usinas Siderurgicas de Minas Gerais posted 830 million reais ($223.21 million) in profit in 2018, more than doubling its earnings from a year ago, the company said in a securities filing on Friday.
Brazil’s steelmakers have benefitted from higher metal prices in 2018 amid global trade disputes between the United States and China.
($1 = 3.7184 reais)
(By Marcelo Rochabrun; Editing by Mark Potter)
