Vale Dam Burst Prompts $1.7 Billion in Blocked Funds, Fines

Vale Dam Burst Prompts $  1.7 Billion in Blocked Funds, FinesA Minas Gerais state judge has blocked 5 billion reais (1.3 billion) from Vale, prosecutors said in a statement. Earlier Saturday a separate judge also blocked funds from Vale and it was fined by the Ibama environmental agency. In a statement, Vale said it isn’t necessary to block funds for it to provide emergency services and restoration from the accident.

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