January 29, 2019 |
Prices for Vale's shares and bonds have fallen sharply after a dam collapse on January 25 killed at least 60 people and left hundreds missing.
The Brazilian mining company's 6.25% 2026 notes dropped more than three points and traded for around 103 on Monday, as its share prices slumped 24.5% to BRL42.38 ($11.27) and erased some BRL70bn in market value.
Vale announced that it has halted the payments of shareholder dividends in the wake of the disaster. It also suspended share buybacks and execu
Brazilian mining company halts dividend payments as share prices shed a quarter of their value