Vale has denied that any negotiation is in place or that it has reached an agreement to acquire BHP's stake in Brazil-based iron-ore pellet producer Samarco, as reported by the local press.
Vale and BHP are focused on supporting the resumption of Samarco's operations, as well as the Renova Foundation programs for remediation and compensation of the areas and communities affected by the dam failure, the Brazilian miner said on Tuesday May 22.The company did not mention...