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RIO DE JANEIRO, Aug 14 (Reuters) - A Brazilian federal court on Friday ordered Vale SA to halt activity at its Onça Puma nickel mine in Brazil's Amazon state of Pará until it can demonstrate what actions it has taken to compensate native communities in the region. The court also ordered Vale to deposit 1 million reais ($287,000) for each indigenous village in the area until it realizes a program of compensation for the communities. Vale's press office said it had no immediate comment but added it is investigating the situation. (Reporting by Jeb Blount; Additional reporting by Reese Ewing; Editing by W Simon)
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 332.3 billions as of today (US$ 150.8 billions, € 141.7 billions). Its stock quote reached its lowest recent point on February 19, 2016 at BRL 10.51, and its highest recent level on August 27, 2021 at BRL 99.80. Vale has 5 244 319 744 shares outstanding. |