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Stock impact report

Brazil court convicts miner Vale for damages caused by deadly dam rupture Jul 09 2019 [Reuters]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: vale.com/en/investors/pages/default.aspx
Company Research Source: Reuters
Brazil court convicts miner Vale for damages caused by deadly dam rupture - Reuters 2 Min Read BRASILIA (Reuters) - A Brazilian state judge on Tuesday convicted mining company Vale SA for damages caused by the deadly rupture of a tailings dam in January that killed at least 240 people. Judge Elton Pupo Nogueira ruled that Vale is responsible for fixing all the damages, although he did not set a monetary value for compensation, the Minas Gerais state court said on its website. It “is still not possible to quantify solely by technical-scientific criteria,” the statement said. The value “will not be limited to the dead, but also effects on the local and regional environment, in addition to economic activity in the affected regions,” the statement quoted Nogueira as saying. In a statement, Vale said it reaffirmed its “total commitment to fair and quick reparations for the damages caused to families, community infrastructure and the environment.” The 11 billion reais ($2.89 billion) in Val Show less Read more
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