Day: August 13, 2020

Brazil’s coffee export recorded second largest in history

Brazil’s coffee exports in July fell back in comparison with the same month last year, recording the second highest volume for the period in history. Between January and July total exports of coffee reached 22.9 million bags, also the second highest volume for the period in history, said the entity. Exports of green coffee in the period totalled 20.566 million bags.

Horizonte Minerals obtain $325 mm for nickel mine in Brazil

Horizonte Minerals reported that it obtained $325 million loan to help finance the construction of a nickel mine in Brazil, and is in advanced negotiations to secure an additional $115 mm. The Araguaia project will produce ferronickel and construction is expected to begin in early 2021 with the cost of the first phase estimated at $440 mm.