The dam killed nearly 250 people when it collapsed, unleashing a torrent of mining waste on a nearby town and roiling global iron ore markets.Vale said in a Friday securities filing that it was aware of the police investigation, but would not comment further until it has more details. TÜV SÜD declined to comment.
Vale shares edged up 0.5% on Friday, trading roughly in line with Brazil’s benchmark Bovespa stock index. The stock is down nearly 14% since the accident, which has disrupted output the company scrambled to verify the safety of its dams. It was not clear how many of the individuals accused by Brazilian police were still working for Vale and TÜV SÜD.Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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