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MercoPress, en Español

Montevideo, December 22nd 2024 - 17:59 UTC

Tag: Brazilian miner

  • Tuesday, January 29th 2019 - 08:36 UTC

    Vale's market value plunges US$ 16,4bn on Monday, following on the dam burst

    Brazil’s top prosecutor, Raquel Dodge, said Vale should be held strongly responsible and criminally prosecuted

    Brazilian miner Vale SA’s shares plunged on Monday, wiping out nearly 62 billion reais (US$ 16.4 billion) in market value, after a tailing dam collapse on Friday killed at least 65 people and left 292 missing with slim hopes for recovery. Vale shares were down 21.5% in Sao Paulo morning trading, at 44.70 reais. The company suspended dividend payments late on Sunday.