Brazil 18 February 2026 - 7 March 2026

Rio Tinto’s Brazil Bauxite Bet Clears Key Permit as Mining Money Floods In
···

Rio Tinto’s Brazil Bauxite Bet Clears Key Permit as Mining Money Floods In

Mineração Rio do Norte, backed by Rio Tinto, secured an installation licence from Brazil’s IBAMA for its Novas Minas bauxite project, allowing construction at five new sites in Pará. The permit supports MRN’s plan to invest 9 billion reais through 2041 and target annual output of 12.5 million metric tons. Norway’s sovereign wealth fund remains engaged over deforestation concerns tied to the project’s planned expansion.
April 30, 2026
Last Week on Brazil’s B3 Stock Exchange: Ibovespa Falls Nearly 5% as War Fears Outrun Petrobras Boost
···

Last Week on Brazil’s B3 Stock Exchange: Ibovespa Falls Nearly 5% as War Fears Outrun Petrobras Boost

Brazil’s Ibovespa index closed Friday down 0.61% at 179,364.82, capping a 4.99% weekly loss as conflict in the Middle East pushed oil prices higher and U.S. jobs data disappointed. Petrobras posted a fourth-quarter net profit of 15.6 billion reais and announced 8.1 billion reais in shareholder payouts. Brazil’s 2025 GDP growth slowed to 2.3%, its weakest since 2020. Rate cut hopes dimmed as inflation risks rose.
March 7, 2026