January 26, 2019 / 7:33 PM / 22 days ago

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

BRASILIA, Jan 26 (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 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.

$1 = 3.7695 reais Reporting by Jake Spring; Editing by Sandra Maler

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