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Brazil mining giant Vale tarnished by dam disaster

CNA   28 January 2019   Brazil  

RIO DE JANEIRO: Vale, the Brazilian company that owns the dam that burst at one of its mines killing dozens and leaving hundreds missing, is the world's biggest iron-ore miner - and its reputation has taken a harsh blow with the disaster.
Brazilian authorities have frozen 11 billion reais - around US$3 billion - in Vale assets in anticipation of compensation it will likely have to fork out.

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