Nexa Says Cerro Lindo Is Peru’s First Block-Caving Mine
Nexa says Cerro Lindo is Peru's first block-caving mine, targeting lower costs, deeper ore and safer remote operation.
August 7, 2026Section
Business
Economic and Business News in Rio de Janeiro and Brazil
Lojas Renner Q2 Profit Holds at US$79M; Revenue Forecast Cut
Lojas Renner Q2 profit held near US$79 million, but the retailer cut 2026 revenue-growth guidance to 4%–8% as store traffic...
August 7, 2026
Globant Launches Glob.AI With Pay-Per-Output AI Services
Globant's Glob.AI sells expert-supervised AI services by validated output or consumption, challenging the industry's hourly billing model.
August 7, 2026
Nutresa EBITDA Jumps 32%; Reported Profit Falls 89%
Nutresa’s first-half EBITDA rose 32%, but dollar-debt hedges drove reported profit down about 89% despite stronger food margins.
August 7, 2026
BHP and Kobrea Form Copper Exploration Alliance Over 73,334 Hectares in Mendoza
BHP will pay Kobrea US$3 million upfront and fund at least US$5 million of exploration over two years on copper...
August 6, 2026
Grupo Argos Launches US$123 Million Buyback and Turns Odinsa Into an Asset Manager
Grupo Argos will repurchase US$123 million of shares under its ACE 1.0 plan and turn Odinsa into Argos Asset Management,...
August 6, 2026
Peru Mining Lobby Presses Government to Fast-Track Tía María
SNMPE wants Peru to prioritise Tía María, Southern Copper’s US$1.8 billion copper project, now targeted to start in 2027.
August 6, 2026
Mineros Posts Record US$559 Million First Half on Higher Gold Prices
Mineros posted record first-half 2026 revenue of US$559 million, adjusted EBITDA of US$260 million and record net profit of US$133...
August 6, 2026
Gerdau Reins In Peru Investment as It Fights a Chinese Steel Rival
Gerdau is holding back investment in Peru while its Siderperú unit moves to block a rival Chinese steel project, as...
August 6, 2026