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Vale to pay Brazil $674 million in mining taxes

Cecilia Jamasmie | December 13, 2012 | 5:26 pm Europe Latin America Iron Ore 

Mining giant Vale (NYSE:VALE) has started paying the Brazilian government $674 million ($1.4 billion real) in a dispute over mining royalties, Business News Americas (subs. required) reported. The world's second largest miner, which is caught in a 10-year-old dispute with Brazil’s...

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