20% of Brazil’s soybean imports by the European Union may come from illegally deforested land, indicated a study released, which provides detailed information on the supply chain. The study, published by Science magazine, also found that 17% of Brazil’s beef exports to Europe are related to the deforestation.
Source: Exame
Day: July 17, 2020
CSN signs iron ore contract with Glencore for $115 mm
CSN announced an agreement for the supply of iron ore to trading Glencore, in the amount of $115 mm, resources that it will use to reduce indebtedness. The agreement involves the supply of 4 million tons of iron ore in up to 5 years. According to CSN, the amounts foreseen in the agreement may be expanded in the future, depending on the interest of the parties.
Source: Reuters
2W will raise $ 288mm and sell clean energy in Brazil
2W Energia will carry out an initial offer of actions to raise funds for the construction of wind and solar parks in the Northeast, aiming at selling the production to small and medium-sized customers in the so-called free market of energy. The operation could raise about R$ 1.5 billion ($ 288 mm) for the implementation of the first units.
Source: Money Times
Mines and Energy concentrates 35% of investment in Brazil
The Ministry of Mines and Energy (MME) said 35% of foreign capital invested in Brazil is concentrated in mining and energy. According to the ministry, there was an improvement in energy consumption, although at the beginning of the pandemic there was a drop of about 15% compared to last year. In addition, the updating of the Brazilian regulatory framework has finally attracted foreign companies to the country.
Source: Agencia Brasil
Pandemic shutdown 39.4% of companies that suspended activities in Brazil
The covid-19 pandemic caused the closure of 39.4% of the 1.3 million companies that had temporarily or permanently suspended their operations. In total, 522,700 businesses were closed in the period. The data are from Pulso Empresa survey of IBGE. Among those that were closed, 518,400 (99.2%) were small, 4,100 (0.8%) medium and 110 large.
Source: Agencia Estado
