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MercoPress, en Español

Montevideo, May 3rd 2024 - 20:06 UTC

Tag: miner Vale

  • Tuesday, January 29th 2019 - 08:43 UTC

    Brazilian government considering management overhaul at miner Vale SA

    Shares of Vale, the world’s largest iron ore and nickel producer, plummeted as much as 25% in Monday trading on the Sao Paulo stock exchange.

    Brazil’s government weighed pushing for a management overhaul at miner Vale SA on Monday as grief over hundreds feared killed by a dam burst turned into anger, with prosecutors, politicians and victims’ families calling for punishment. By Monday, firefighters in the state of Minas Gerais had confirmed 65 people killed by Friday’s disaster, in which a burst tailings dam sent a torrent of sludge into the miner’s offices and the town of Brumadinho.