Market Chatter: Vale Probes Water Overflow Incident at Brazil Mine

MT Newswires Live

Jan 26

Vale (VALE) is probing a water and sediment overflow incident in a pit at the Fabrica mine in Brazil's Minas Gerais state, Bloomberg News reported Sunday.

The mining giant doesn't expect the incident to impact its output, the news outlet reported, citing the company.

The water reached some areas of Pires, a subsidiary of rival CSN Mineracao, Bloomberg reported.

Vale and CSN didn't immediately respond to MT Newswires' requests for comment.

Vale shares were up 1.9% in recent premarket activity Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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