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UBS: Vale’s iron ore problems deepen

February 6, 2019 - 11:45 -- Admin

Via UBS today: Court orders closure 30mtpa Brucutu mine; this was not expected by Vale Yesterday a Brazilian court ordered Vale to halt activity at 8 tailings dams, including 3 built using the “upstream” method & 5 “downstream” dams ( news); as a result of this Vale has stopped production at its 30mtpa Brucutu mine

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