Latest news with #MatoGrosso
Reuters
3 days ago
- General
- Reuters
Brazilian police arrest members of gang created to kill and spy on lawmakers, judges
SAO PAULO, May 28 (Reuters) - Brazil's Federal Police said on Wednesday it arrested five people suspected of being involved in a gang that was formed to kill and spy on lawmakers and high-ranking judges. The gang was created by a military officer, as well as civilians, one source with knowledge of the investigation said. A document seized by the police, and seen by Reuters, shows that the organization went by the name C4, in reference to its full name Command for hunting Communists, Corrupt people, and Criminals. The document also showed the gang charged 250,000 reais ($44,000) to target high-ranking figures in the judiciary and 150,000 reais to target senators. The organization was equipped with rifles and explosives and used prostitutes as bait, the document said. It is unclear if any high-ranking Brazilian officials were harmed by the organization, but the investigation began after police started looking into the killing of a lawyer in the city of Cuiaba, in Mato Grosso state. According to news website UOL, a retired colonel, imprisoned since last year for his alleged involvement in the lawyer's murder, was among those targeted in Wednesday's raid. Federal Police officers also carried out six search and seizure warrants on Wednesday in three different states in Brazil as part of the probe.
Yahoo
10-05-2025
- Business
- Yahoo
Brasilagro - Cia Bras de Prop Agricolas (LND) Q3 2025 Earnings Call Highlights: Strong Revenue ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Brasilagro - Cia Bras de Prop Agricolas (NYSE:LND) reported 870 million in net revenue for the first nine months, showcasing strong financial performance. The company achieved 195 million in adjusted EBITDA, indicating effective cost management and operational efficiency. Brasilagro has successfully locked in favorable prices for corn and cotton, ensuring stable revenue streams. The company has incorporated over 20,000 hectares of plantations, expanding its agricultural footprint and potential output. Brasilagro's strategic positioning in regions like Mato Grosso and Bahia has allowed it to capitalize on favorable agricultural conditions. The company faced significant currency volatility, impacting financial results and requiring careful management of exchange rates. Soy production was below budgeted expectations in some regions due to adverse weather conditions, affecting overall margins. High interest rates have increased the cost of capital, posing challenges for financing and investment decisions. Brasilagro's debt level is a concern, with a total adjusted net debt of 779 million riais, necessitating careful financial management. The company anticipates a need to rethink its budget and funding strategies due to changing economic conditions and interest rates. Warning! GuruFocus has detected 9 Warning Signs with LND. Q: Can you explain why Brasilagro considers the regions of Marano and Pia to be attractive for land purchases, and what opportunities or risks do you see from the trade war? A: Andre, CEO, explained that the company aims to buy land when others want to sell and vice versa. The regions of Marano and Pia are attractive due to their high leverage and expansion potential. Regarding the trade war, Andre noted that while Brazil could benefit from increased soy exports to China, the global balance between northern and southern hemisphere production is crucial. The trade war might offer more opportunities in beef and poultry sectors. Q: What are Brasilagro's expectations for the sugar cane harvest, and how does logistics impact grain storage? A: Andre highlighted that sugar cane production is expected to be around 580-590 million tons, slightly below initial expectations due to weather conditions. On logistics, he emphasized the challenges posed by Brazil's terrain, which affects transportation costs. The company is considering investments in storage to capture gains, but high interest rates pose a challenge. Q: How does Brasilagro plan to manage its cash position and investments given the current high-interest rates? A: Gustavo, CFO, stated that the company is rethinking its investment strategy due to the high cost of capital. They are focusing on maintaining a balanced debt structure and leveraging receivables from farm sales to manage cash flow. The company is cautious about new investments and is prioritizing efficient capital allocation. Q: What is Brasilagro's approach to leasing land for production, especially in the current economic climate? A: Andre mentioned that the company is exploring leasing opportunities, particularly in regions with high leverage. They aim to maintain a 50-50 balance between owned and leased land to manage costs effectively. The focus is on mature areas that offer better returns, given the high cost of capital. Q: How does Brasilagro view the potential for a stock buyback program given the current stock prices? A: Andre acknowledged that the stock price is low and attractive for long-term investors. However, he expressed concerns about liquidity and the impact of a buyback on the company's cash position. The decision will be weighed carefully, considering the company's strategic goals and market conditions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Associated Press
08-05-2025
- Business
- Associated Press
Meridian Appoints Ausenco Brazil as Lead Engineer for the Cabaçal Definitive Feasibility Study and Signs LOI with Aurubis AG
Highlights: LONDON, UK / ACCESS Newswire / May 8, 2025 / Meridian Mining UK S (TSX:MNO)(Frankfurt/Tradegate:2MM)(OTCQX:MRRDF) ('Meridian' or the 'Company') is pleased to announce that it has appointed Ausenco do Brasil Engenharia Ltda ('Ausenco') to undertake the Definitive Feasibility Study ('the DFS') for its advanced Cabaçal Au-Cu project ('Cabaçal'), located in Mato Grosso, Brazil. Ausenco is an internationally respected engineering firm with extensive global and Brazilian experience in conducting feasibility studies on projects similar to the scale of Cabaçal. On completion of the DFS, Meridian will be positioned to make a final investment decision on the Cabaçal build in 2026. Mr. Gilbert Clark, CEO, comments: 'Having completed the PEA and PFS on Cabaçal, the later delivering nearly a billion dollars in NPV for Cabaçal, I'm delighted to continue this long-term relationship with Ausenco by having them perform Cabaçal's DFS. With Ausenco's 'A' team on the DFS who are already familiar with Cabaçal means that we can kick off the study immediately, progress it rapidly, and after its potential successful reporting, focus on the build. I'm very pleased to have established an important corporate relationship with Aurubis that will greatly help to grow the Company from being a resource developer to a mining and exporting company. With the Agreement, we can now start preparing the Company to be compliant with the import regulations of Germany and the European Union, look to access strategic European equity and project financing facilities while maintaining our schedule to be Brazil's next near-term copper-gold-silver concentrate exporter'. Cabaçal Definitive Feasibility Study Launch Cabaçal's Pre-Feasibility Study (effective date March 10, 2025) delivered strong economic results with a base case after-tax NPV5 of USD 984 million and 61.2% IRR from a pre-production capital cost of USD 248 million ('the PFS'). This provides a strong platform from which to launch Cabaçal's DFS and it is expected that the core elements of the PFS will be further developed to the DFS level with minimal change. An updated resource and mine plan will be produced using drill results obtained after the PFS database was cut off. This will include such recent highlighted drill results1 of : Cabaçal's process flowsheet is expected to remain similar to that devised for the PFS with a moderately finer primary grind to be adopted. Ausenco has developed a schedule to complete Cabaçal's DFS and the time needed to generate the additional data required for the study's completion. This indicates that the study should be completed before the end of 1H 2026. The company has advanced on complementary contracts related to the DFS with groups such as Brazil's GE21 who were part of the PFS success. Aurubis LOI Meridian and Aurubis ('together the Parties') - a globally leading non-ferrous metals group - have signed a non-binding Letter of Intent to initiate a long-term corporate relationship and technical exchange to optimize Cabaçal's future high-quality copper-gold-silver sulphide concentrates ('the LOI'). The Parties will explore and exchange technical ideas to optimize future Cabaçal clean high-grade copper concentrate, with payable gold and silver credits, as outlined in Cabaçal's PFS, for Outotec flash smelter performance. Flash smelters are the most common type of copper smelters in Europe, where Aurubis operates two sites; Hamburg (Germany) and Zlatitsa-Pirdop (Bulgaria). The Parties will also work together to advance Meridian's future compliance to the EU Supply Chain Due Diligence Act and the OECD Due Diligence Guidance. The result of this co-operation by the Parties is that the Company will be prepared for the future regulatory compliance to export Cabaçal's copper concentrates to the 3rd largest market for copper concentrates, the European Union. Strategic Equity and Project Finance Process Meridian is actively engaging with international and domestic project finance banks and funds to advance the project financing process alongside the progress of the DFS. The LOI presents an opportunity to potentially access both debt and equity capital from German and other European government-backed institutions. This includes debt guarantees under the UFK Untied Loan Guarantee scheme and equity from the KfW2-managed Raw Materials Fund. Meridian's management has over a decade of funds management and banking relationships with KfW. Such future arrangements would be associated with a copper concentrate off-take agreement, of a proportion of Cabaçal's production, that would benefit a smelter group such as Aurubis or European manufacturers requiring copper units. About Meridian Meridian Mining is focused on: The Pre-feasibility Study technical report (the 'PFS Technical Report') dated March 31, 2025, entitled: 'Cabaçal Gold-Copper Project NI 43-101 Technical Report and Pre-feasibility Study' outlines a base case after-tax NPV5 of USD 984 million and 61.2% IRR from a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months (assuming metals price scenario of USD 2,119 per ounces of gold, USD 4.16 per pound of copper, and USD 26.89 per ounce of silver). Cabaçal has a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent & production profile of 141,000-ounce gold equivalent life of mine, driven by high metallurgical recovery, a low life-of-mine strip ratio of 2.3:1, and the low operating cost environment of Brazil. The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper and 1.64g/t silver (at a 0.25 g/t gold equivalent cut-off grade). Readers are encouraged to read the PFS Technical Report in its entirety. The PFS Technical Report may be found under the Company's profile on SEDAR+ at and on the Company's website at The PFS Technical Report was prepared for the Company by Tommaso Roberto Raponi (P. Eng), Principal Metallurgist with Ausenco Engineering Canada ULC; Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco Engineering Canada ULC; John Anthony McCartney, Ausenco Chile Ltda.; Porfirio Cabaleiro Rodriguez (Engineer Geologist FAIG), of GE21 Consultoria Mineral; Leonardo Soares (PGeo, MAIG), Senior Geological Consultant of GE21 Consultoria Mineral; Norman Lotter (Mineral Processing Engineer; of Flowsheets Metallurgical Consulting Inc.; and, Juliano Felix de Lima (Engineer Geologist MAIG), of GE21 Consultoria Mineral. On behalf of the Board of Directors of Meridian Mining UK S Mr. Gilbert Clark - CEO and Director Meridian Mining UK S 8th Floor, 4 More London Riverside London SE1 2AU United Kingdom Email: [email protected] Ph: +1 778 715-6410 (BST) Stay up to date by subscribing for news alerts here: Follow Meridian on Twitter: Further information can be found at: Cautionary Statement on Forward-Looking Information Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading 'Risk Factors' in Meridian's most recent Annual Information Form filed on While these factors and assumptions are considered reasonable by Meridian, in light of management's experience and perception of current conditions and expected developments, Meridian can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Meridian disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. 1 Meridian Mining News Releases of February 24, 2025 and April 29, 2025. 2 KfW, 'Kreditanstalt fuer Wiederaufbau',is the German state-owned investment and development bank, based in FrankfurtSOURCE: Meridian Mining SE press release
