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Name | Symbol | Market | Type |
---|---|---|---|
Vale SA | NYSE:VALE | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.10 | 0.82% | 12.27 | 12.375 | 12.10 | 12.19 | 14,476,200 | 01:00:00 |
By Paul Kiernan
RIO DE JANEIRO--Brazilian mining company Vale SA said Monday it has successfully appealed a judge's order to halt activity at its second-busiest port and that it can resume iron-ore exports from southeastern Brazil immediately.
Vale's Tubarão port complex had been shut down since Thursday after a federal court ruled against the company in a case involving alleged pollution at the facility. The port shipped about one-third of Vale's total iron-ore production in the first nine months of 2015.
Local press reported that the stoppage cost Vale more than 35 million reais ($8.6 million) a day. Vale didn't say whether it might be able to recoup those losses.
Write to Paul Kiernan at paul.kiernan@wsj.com
(END) Dow Jones Newswires
January 25, 2016 19:47 ET (00:47 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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