Vale stock plunges after Brazil disaster; $16 billion in market cap erased

January 28, 2019 admin Business News Comments Off on Vale stock plunges after Brazil disaster; $16 billion in market cap erased

Brazilian miner Vale SA’s shares plunged on Monday, wiping out nearly 62 billion reais ($16.4 billion) in market value, after a tailing dam collapse on Friday killed at least 60 people and left 292 missing with slim hopes for recovery.

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Source:: Reuters – Business News

      

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