for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Brazil judge freezes $1.3 billion in Vale assets for dam burst damages

Rescue workers are seen after a dam, owned by Brazilian miner Vale SA, burst in Brumadinho, Brazil January 26, 2019. REUTERS/Washington Alves

BRASILIA (Reuters) - A Brazilian judge in the state of Minas Gerais on Saturday froze 5 billion reais ($1.33 billion) in the accounts of miner Vale SA VALE3.SA to pay for damages caused by a dam burst on Friday that has left hundreds missing, state prosecutors said.

The decision follows an earlier freeze of 1 billion reais that state courts placed on Vale’s accounts.

Reporting by Jake Spring; Editing by Sandra Maler

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up