Brazil mining bill may double royalty to 4%, Reuters says Brazil presented a much anticipated bill to reform the country's 46-year-old mining code, says Reuters. The bill proposes new royalties of up to 4% and a new regulatory agency, added Reuters. Reference Link
Vale: China slowdown helped by Brazil currency depreciation, Bloomberg reports Brazil’s Vale (VALE) said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto (RIO) and BHP Billiton (BHP), reports Bloomberg.Reference Link