Rains prompt Vale iron ore force majeure

Dec 30, 2013 | 10:20 AM | Daisy Tseng

Tags  Vale, force majeure, iron ore, iron ore contracts, iron ore shipments, Daisy Tseng

SINGAPORE — Vale SA has declared force majeure on a number of its iron ore sales contracts due to adverse weather conditions in southeastern Brazil.

"Heavy rainfall since (earlier this month) in the southeast of Brazil, especially in the state of Espírito Santo where floods and landslides occurred, affected the iron ore....

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