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© Reuters. Investing.com – Shares of Vale (SA 🙂 are in free fall after the Minas Gerais court decided to halt the Brucutu mine in São Gonçalo do Rio Below (State of Minas Gerais), the most large iron ore mine operating in the state. The mine has the capacity to produce 30 million tons of. The information was provided by Lauro Jardim, from O Globo
. The mining company recorded a decline of 4.58%, falling to R $ 44.13, when the document negotiation was suspended after disclosure of the material fact regarding the stay of proceedings by court order. The Ibovespa, in contrast, rose 0.27% to 98,130, 38 points after disclosure of the government's suggestions regarding pension reform, including the minimum age equalization for men and women up to 65 years old.
According to the note of the justice of the peace, the preliminary decision was taken after the Federal Attorney General of Minas Gerais initiated an action.
The journalist points out that the Brucutu dam is not "upstream" like Brumadinho, who owns it. but conventional.
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