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Brazilian mining company Vale charged by US SEC with misleading investors about dam safety before its collapse

( April 28, 2022, 13:47 GMT | Official Statement) -- MLex Summary: Vale, a publicly traded Brazilian mining company and one of the world’s largest iron ore producers, was charged by the US Securities and Exchange Commission with fraudulently misleading investors about the safety of its dams before the January 2019 collapse of its Brumadinho dam. The collapse killed 270 people, caused environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization, the SEC said. Vale raised $1 billion in US debt markets, and its stock trades on the New York Stock Exchange.Statement and document follow below:...

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