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.

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.

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.