PIF mulls to invest $15B in Brazil: Report

The Public Investment Fund (PIF) plans to invest $15 billion in Brazil, in areas such as green hydrogen, infrastructure and renewable energy, Reuters reported, citing Alexandre Silveira, Brazil's Minister of Mines and Energy.

The plans were shared by PIF during meetings with Brazilian government officials, Silveira noted.

In May, Saudi Arabian Mining Co. (Maaden) said its joint venture, Manara Minerals Investment Co. (Manara), closed the acquisition of a 10% stake in Vale Base Metals Ltd., according to data available with Argaam.