SAO PAULO Dec 12 Vale SA said on
Monday that a Brazilian judge had given the world's No. 1 iron
ore producer another 30 days to deposit part of 1.2 billion
reais ($355 million) in reparation guarantees related to a dam
accident at Samarco Mineração.
In a securities filing, Vale reiterated its support for
Samarco, in which it and BHP Billiton Plc
each own a 50 percent stake.
The Brazil-based iron ore joint venture halted operations
almost 13 months ago following a deadly dam break that destroyed
a city and killed 19 people.
($1 = 3.3770 reais)
(Reporting by Guillermo Parra-Bernal; editing by Jason Neely)