IBOV 176,608.23 ▼ 13.88% IPSA 10,575.59 ▼ 1.59% IPC MEX 69,647.80 ▼ 0.33% MERVAL 3,017,221 — — COLCAP 2,505.04 ▼ 1.38% BVL PERÚ 57,093.72 ▲ 0.04% USD/BRL5.37▼ 0.81% USD/MXN18.55▼ 0.14% USD/CLP988.50▼ 0.69% USD/COP3,132▲ 2.51% USD/PEN3.45▲ 0.20% USD/ARS1,541▼ 0.02% USD/UYU40.08▲ 3.22% USD/PYG5,735▲ 2.55% USD/BOB11.82▲ 3.62% USD/DOP60.97▲ 2.55% USD/CRC450.04▲ 1.86% USD/GTQ7.64▼ 0.07% USD/HNL26.87▲ 3.38% USD/NIO36.62▲ 2.81% USD/VES885.08▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 0.20% EUR/BRL6.00▲ 8.38% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 176,608.23 ▼ 13.88% IPSA 10,575.59 ▼ 1.59% IPC MEX 69,647.80 ▼ 0.33% MERVAL 3,017,221 — — COLCAP 2,505.04 ▼ 1.38% BVL PERÚ 57,093.72 ▲ 0.04% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, October 27, 2026

Business Brazil

Brazilian Miner Buritirama Surpasses Vale in Manganese Exports

By · July 26, 2026 · 3 min read
Manganese mining
Manganese is a key input for steelmaking; Buritirama leads Brazil’s output. (Photo: Wikimedia Commons)

Company News · Brazil

Key Facts

—The mine. Buritirama’s open-pit operation in Pará is the largest manganese mine in Latin America, with capacity above 2.5 million tonnes a year.

—The lead. It accounts for roughly 70% of Brazil’s manganese exports and has surpassed Vale in the metal.

—The owner. Engineer João Araújo bought the company from his father, Silvio Tini, in 2018 and drove its expansion.

—The growth. Revenue jumped from about R$80 million (US$15 million) in 2015 to some R$750 million (US$139 million) by 2018.

—The plan. Buritirama has lined up roughly R$400 million (about US$74 million) in investment over three years and holds a 10-year rail-use contract for logistics.

Buritirama, a family-owned miner in the Amazonian state of Pará, has quietly overtaken Vale to become Brazil’s manganese leader, and is now betting on a fresh round of investment and long-term rail access to defend that lead.

The Miner That Passed Vale

Manganese rarely makes headlines, yet it is essential to steelmaking, and Brazil is a major exporter. In that niche, Buritirama has become the country’s biggest player, edging past mining giant Vale.

Its Pará operation, the largest open-pit manganese mine in Latin America, can produce more than 2.5 million tonnes a year. That scale gives it roughly 70% of Brazil’s manganese exports and pricing influence with buyers in China and Europe.

A Family Bet That Paid Off

Engineer João Araújo took control in 2018, buying the company from his father, Silvio Tini. Under his ownership the business expanded aggressively, financed through Brazilian and foreign banks.

The results were dramatic: revenue rose from about R$80 million (US$15 million) in 2015 to some R$750 million (US$139 million) by 2018. That trajectory turned a regional miner into a global manganese reference.

Live Company IntelligenceVale SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
V
◆ Live Company Intelligence
Vale
NYSE: VALEVALE3Basic MaterialsOther Industrial Metals & Mining65,805 employees
$52.77B
Market cap
Analyst target $16.22

Wall Street view

3.6Moderate Buy/ 5
11 Buy13 Hold1 Sell
Avg. price target $16.22  ·  +6% vs 200-day

Valuation & profitability

Market cap$52.77B
Revenue (TTM)$218.07B
P / E ratio24.8
Profit margin4.8%
Return on equity4.1%

Price & risk

52-wk low
$10.59
52-wk high
$17.44
Beta (volatility)0.70
200-day average$15.32

Revenue trend · 6y

20202025
Latest $38.23B

Ownership

Institutions20.2%
Shares outstanding4.26B
Top holderCapital World Investors
Institutional holders5+ funds

Dividend

Yield44.9%
Payout ratio2.0%
Fwd. annual$0.84
What Vale does. Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous…
Data: RT fundamentals (VALE.US) · figures in USD · as of 26 Oct 2026More company intelligence →

Logistics as the Real Battleground

In the Amazon, moving ore to port is as decisive as digging it up. Buritirama secured a 20-year contract for rail use, locking in the logistics backbone that underpins its exports.

That access is central to challenging Vale, whose control of Carajás-region infrastructure has long shaped the sector. Reliable rail lets Buritirama compete on cost as well as volume.

What Comes Next

The company has earmarked around R$400 million (about US$74 million) in investment over the next three years, again leaning on bank financing. The goal is to entrench its lead as global demand for battery- and steel-grade manganese evolves.

For Pará, the expansion means jobs and export earnings in a state hungry for both. For the sector, it is a reminder that a focused family firm can outrun a giant in the right niche.

Sources

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Frequently Asked Questions

What is Buritirama?

Buritirama is a family-owned Brazilian miner whose open-pit operation in Pará is the largest manganese mine in Latin America, producing more than 2.5 million tonnes a year.

Has Buritirama really overtaken Vale?

In manganese, yes. Buritirama accounts for roughly 70% of Brazil’s manganese exports, surpassing Vale in that specific metal, though Vale remains far larger overall.

How much is Buritirama investing?

The company has lined up about R$400 million (roughly US$74 million) in investment over three years and holds a 20-year rail-use contract to support exports.

RT
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