Vale to cut output, shut down dams after Brazil disaster

A view of a dam owned by Brazilian mining company Vale SA after it collapsed, in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado

BRASILIA/BRUMADINHO, Brazil (Reuters) – Vale SA, the world’s largest iron ore miner, on Tuesday vowed to take as much as 10 percent of its ore output offline in order to decommission 10 more dams like the one that burst last week, killing scores of workers and nearby residents. Chief Executive Fabio Schvartsman said it would […]

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