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News For VALE From The Last 14 Days
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November 23, 2015
08:37 EDTVALEU.S. district judge dismisses Rio Tinto case against BSG Resources
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November 20, 2015
06:15 EDTVALEVale to close Manitoba nickel and smelting operations in 2018, Reuters reports
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November 19, 2015
06:40 EDTVALEBHP Billiton backs dividend policy amid profit slump, CNBC reports
BHP Billiton (BHP) defended its dividend policy amid a drop in share prices and profits slump this year as well as weak China growth and a recent mine disaster in Brazil, CNBC reports. BHP chairman Jacques Nasser said at the company's annual meeting that the dividend policy is the result of "appropriate capital management," the report says. In addition, the company said it and joint venture partner Vale (VALE) will be commissioning an external probe of the Samarco dam spill, the report says. Reference Link
November 17, 2015
06:17 EDTVALEBHP Billiton reviewing all dams worldwide, U.K. Times reports
BHP Billiton (BHP) CEO Andrew Mackenzie told analysts and investors at the company's annual general meeting that the company is reviewing all of its dams worldwide after the Samarco mudslide in Brazil killed at least nine people, The U.K. Times reports. Mackenzie also said BHP is considering moving away from the arrangement under which mines that it partly owns are managed by committee rather than by a single operator; the Samarco mine is half run by BHP, with the remainder owned by Vale (VALE). Reference Link
November 16, 2015
18:50 EDTVALESamarco to set aside $262M for initial costs after Brazil dam breach, WSJ says
Samarco, a joint venture of Vale (VALE) and BHP Billiton (BHP), reached an agreement with Brazilian prosecutors to establish an initial $262M cleanup fund related to two dam breaches at its iron-ore mines in Minas Gerais state, reports the Wall Street Journal. Reference Link
13:26 EDTVALEVale: It will take 'years' for Rio Doce river to recover, Reuters reports
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November 12, 2015
06:28 EDTVALEBHP, Billiton Vale set up Brazil emergency fund after Samarco disaster
BHP Billiton (BHP) CEO Andrew Mackenzie says, "At BHP Billiton, we have been overcome with sadness and our concern for your community. Like Vale (VALE), we are all working very closely with Samarco to provide our full support to the response efforts. Right now, of course, our focus is on safety, rescue, as Ricardo described, and the immediate humanitarian support that is necessary. Let me be very clear: we are 100% committed to do everything we can do to support Samarco and make this right. We have already provided health, safety, environment and geotechnical experts to Samarco and we are working with them to identify further resources that they are going to need in their response effort. As Ricardo said, as an immediate step, together with Vale, we pledge to support Samarco and to create an assistance fund for rebuilding works and to quickly help affected families and communities."

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