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Marta Nogueira

Vale says hopes to reach dam burst global settlements by year-end

13 Jun 2019

RIO DE JANEIRO Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020.

UPDATE 1-Vale says hopes to reach dam burst global settlements by year-end

13 Jun 2019

RIO DE JANEIRO, June 13 Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020.

CORRECTED-Analysts say Vale execs optimistic about recovery of output at Brucutu mine

13 Jun 2019

RIO DE JANEIRO, June 13 Brazil's Vale which needs court approval to resume production at its Brucutu mine after a deadly dam collapse, told analysts it expects to do so soon, analysts at brokerage XP said on Thursday after meeting with the miner's top executives.

Vale warns Brazil prosecutors another dam at risk of collapse

16 May 2019

RIO DE JANEIRO Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles from where its Brumadinho dam collapsed, killing more than 230 people.

Vale tells prosecutors there is the risk of rupturing of new dam in Minas

16 May 2019

RIO DE JANEIRO, May 16 Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles (65 kilometers) from where its Brumadiho dam collapsed, leaving more than 230 people dead.

Brazil's Petrobras not planning additional refining divestments: letter

13 May 2019

RIO DE JANEIRO Brazil's Petroleo Brasileiro SA is not planning on selling any refining assets in addition to the refineries it has already publicly slated for divestment, an executive wrote in a letter to employees last week.

Brazil's Petrobras not planning additional refining divestments: letter

13 May 2019

RIO DE JANEIRO, May 13 Brazil's Petroleo Brasileiro SA is not planning on selling any refining assets in addition to the refineries it has already publicly slated for divestment, an executive wrote in a letter to employees last week.

Vale CFO says hopes to restore lost output within two to three years

10 May 2019

RIO DE JANEIRO/SANTIAGO Brazilian miner Vale SA expects to restore capacity lost after the deadly Brumadinho tailings dam burst within two to three years, executives said on Friday, emphasizing that the company is not rushing to resume full output.

Exclusive: Brazil's Vale to spend $2.5 billion on technology to prevent mining dam disasters

10 May 2019

RIO DE JANEIRO Brazil's Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that removes the need for tailings dams, the waste facilities responsible for two deadly mining disasters in the past four years.

Brazil's Vale swings to loss as dam burst charges near $5 bln

10 May 2019

SANTIAGO/RIO DE JANEIRO Brazil's Vale SA set aside $4.95 billion to pay for costs from the collapse of its Brumadinho tailings dam, driving the world's top iron ore miner deep into the red as it reckoned with the aftermath of one of the country's deadliest industrial disasters.

World News

Iran shoots down U.S. military drone in Gulf region

Iran on Thursday shot down a U.S. military drone that it said was flying over one of its southern provinces on the Gulf, increasing fears of military conflict as Washington seeks to isolate Tehran over its nuclear and regional activities.