Vale informs on developments of Brucutu production halting
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Vale informs on developments of Brucutu production halting
The company is adopting the appropriate legal measures to resume its operations the soonest possible.
Vale informs that, as a result of the temporary suspension of the Brucutu mine production, it is declaring force majeure on a number of related iron ore and pellets sales contracts.
Vale reinforces its understanding that there is no technical basis nor risk assessment to justify the court decision to suspend the operation and is adopting the appropriate legal measures to resume its operations the soonest possible.
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