Rains prompt Vale iron ore force majeure
Dec 30, 2013 | 10:20 AM
| 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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