Indústrias Nucleares do Brasil (INB) has finalised delivery of the 26th Angra 1 650 MW recharge for Eletronuclear to refuel the plant. Production was concluded in December 2020. Nuclear fuel will be used to refuel Angra 1; in January, INB began production of 44 fuel elements for Angra 2.
Source: Energia Hoje
Day: March 17, 2021
BTG Pactual buys investment fintech Kinvo for $13 mm
BTG Pactual (BPAC11) reported that it has bought 100% of the investment fintech Kinvo for R$72 million ($13 mm). In a statement, BTG explained that Kinvo has more than 700,000 users, which total more than R$100 billion ($18 bn) in registered investments. The platform allows users to consolidate investments from various institutions into a single portfolio.
Source: Money Times
Vale to invest $2.3 bn in four filtration plants
Vale has gradually begun operating the tailings filtration plant at Vargem Grande Complex, the first of four that will be installed at the company’s operations in Minas Gerais, with investments of $2.3 bn between 2020 and 2024. In a statement, the mining company said on Tuesday that the start of the operation reduces the need to use tailings dams.
Source: UOL Economia
Brazil’s sugar pricing goes to 85.75% of exports 21/22
Brazilian mills have already fixed sugar prices for the 2021/22 harvest to 85.75% of projected exports for the season, up about five percentage points from last month’s survey, Archer Consulting estimated in a note, based on data up to February 28. Mills have taken advantage of favourable market conditions and advanced as never before to lock in deals for the next harvest, which officially begins next month in the center-south.
Source: 6 Minutos Economia
Operation ‘Expresso’ against tax evasion in the coffee sector estimates fraud of over $179 mm
A task force of the Civil Police, Public Ministry, Federal Revenue Service and state agencies is carrying out search and seizure warrants and arrests to fight what is considered a fraud and tax evasion scheme in the Brazilian coffee industry amounting to more than R$1 billion ($179 mm). The operation called “Expresso” affects the largest global producer and exporter of coffee.
Source: R7
Brasil Económico 