Brazil's Vale hit by another $671 million in provisions stemming from dam burst
Share:
RIO DE JANEIRO (Reuters) - Brazil's Vale SA said on Tuesday it will register a net $671 million (£519 million) in additional provisions stemming from a deadly dam burst roughly a year ago, underlining the enduring effects of the incident on the iron ore giant.In a separate securities filing on Tuesday morning, the company also reported a 22.4% fall in fourth quarter iron ore production from the same period last year and a 9.6% drop in quarterly terms. It also released outlook figures that..