Latest Brazil News

Fortescue Metals Group has delivered its highest ever half-year iron ore shipments of 97.1 million tonnes, alongside a notable 10% reduction in hematite production costs, underscoring operational strength and advancing decarbonisation efforts.

Oceana Lithium Limited reports steady progress across its Northern Territory, Western Australia, and Brazil projects, underpinned by a successful $1.2 million capital raise and a solid cash position of $2.7 million.

Viridis Mining and Minerals has announced a substantial upgrade to its Colossus Ionic Adsorption Clay Rare Earth Element Project, reporting a 140% increase in its JORC-compliant Mineral Resource Estimate. This positions Colossus as the largest and highest-grade IAC rare earth resource globally, with significant implications for the rare earth sector.

Encounter Resources reports significant high-grade niobium mineralisation at its Green carbonatite complex, accelerating plans for resource drilling and mining studies in 2025.

Gold Mountain Limited reveals significant Nickel-Copper-PGE anomalies at its Iguatu North Project in Brazil, marking a new exploration frontier with plans for targeted drilling.

First Graphene Limited strengthens its financial footing with a UK R&D tax rebate and expands its global footprint through new distribution agreements in India and Brazil.

Centaurus Metals has achieved a breakthrough with a 34% nickel concentrate from its Jaguar Project pilot plant, promising substantial cost savings and enhanced market appeal. This development is set to reshape the project's economics and strategic partnerships.

Power Minerals reports strong progress in its maiden diamond drilling program at the Niobio Project in Brazil, successfully intercepting targeted pegmatite zones and validating its exploration model. Results are anticipated in Q1 2025, while the company withdraws from the Tântalo Project due to licensing challenges.

Brazilian Rare Earths Limited reports unprecedented ultra-high-grade rare earths results from its Monte Alto Project in Bahia, Brazil, confirming both scale and continuity of mineralisation. The company is poised to update its JORC resource estimate in Q2 2025 amid promising district-scale exploration potential.

Core Energy Minerals has entered staged option agreements to acquire up to 100% interests in the Cummins and Harris Greenstone uranium projects, expanding its footprint in South Australia's premier uranium mining jurisdiction.

BHP has reported a robust 10% increase in copper production for the half year ended December 2024, driven by record output at Escondida and strong performances across key assets. Despite a weather-related setback in South Australia, the company remains on track to meet FY25 guidance while advancing major growth projects and sustainability initiatives.

Brazilian Critical Minerals Limited reports strong assay results from its 2024 drilling program at the Ema project, confirming widespread high-grade rare earth mineralisation ideal for in-situ recovery mining.