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Brazil audit court sees fuel shortages with Petrobras divestment
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Brazil s Petrobras beats estimates on strong natgas sales, crude prices
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Canada s Yamana Gold sees Brazil mine expansion costing up to 74% less
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RIO DE JANEIRO Canadian miner Yamana Gold is cutting its projected expenses to expand the Jacobina complex in northeastern Brazil by up to 74%, after tests at its processing plant went better than expected, Chief Executive Peter Marrone told Reuters.
The company plans to increase its annual production capacity at the mining complex to 230,000 ounces of gold by the second half of 2023, up from 180,000 ounces currently.
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Tests in its existing plant indicated it could safely handle that workload, 8,500 tonnes of raw material per day, so building a new processing facility would not be necessary, Marrone said.
Brazil sees power generation at limit in November due to drought
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