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Brazilian state affected by Vale dam burst rejects $4bn offer

Cecilia Jamasmie | November 18, 2020 | 5:57 am News Top Companies Latin America Iron Ore 

The head of the Brazilian state of Minas Gerais, where Vale’s (NYSE: VALE) Brumadinho dam collapsed in January 2019, leaving 270 people dead, has rejected the miner’s proposed settlement of around 21 billion reais ($3.97bn). Minas Gerais’ Secretary General Mateus...

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