Vale falls after dam disaster

Vale falls after dam disaster

Project & Infrastructure Finance Regulation Politics Economy & Policy Bonds Equity Brazil

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial