AGP Executive Report
Last update: 9 hours agoMining: Vale says extraordinary dividends are unlikely this year after third-quarter core profit fell 20%, citing weaker iron ore prices and higher fuel and freight costs. The miner is holding more cash, while warning that some global supply may be forced offline. Oil and Gas: BP identified hydrocarbons at its Tupinambá exploration well offshore Brazil, adding to a run of recent Petrobras discoveries near the mouth of the Amazon. Data Centers: Brazil’s tax breaks and low-cost power could attract U.S. data center operators facing electricity constraints at home. Critical Minerals and Storage: Rare-earth developer St George is advancing its Araxá project in Brazil with an upgraded resource and pilot processing plans, while battery maker Moura is preparing utility-scale production ahead of a capacity auction.
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