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Death toll grows to 60 from tragic collapse of a dam owned by Brazilian mining giant Vale
At least 60 people have been killed and hundreds are still missing after a dam collapsed at Vale’s Corrego do Feijao mine in southeastern Brazil on Friday.
The tragedy is the second major disaster linked to Brazilian mining giant Vale in about three years.
The stock price for Vale’s ADR traded in the U.S. fell more than 14 percent on Monday, striking a new 52-week low.