Brazil's Vale confirms removing CEO, appointing successor

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Brazil's Vale SA, the world's largest iron ore miner, has accepted the...

FILE PHOTO: Members of a rescue team search for victims after a tailings dam owned by Brazilian mining company Vale SA collapsed, in Brumadinho, Brazil January 28, 2019. REUTERS/Adriano Machado/File Photo

RIO DE JANEIRO - Brazil’s Vale SA, the world’s largest iron ore miner, has accepted the resignation on a “temporary” basis of Chief Executive Fabio Schvartsman, the company said on Saturday, confirming earlier news reports. Taking his place will be Eduardo Bartolomeo, the company’s chief executive of base metals, the firm said in a securities filing.

 

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