January 26, 2019 / 2:56 PM / 24 days ago

Brazil orders Vale to halt Corrego do Feijao operations after dam burst

RIO DE JANEIRO, Jan 26 (Reuters) - Brazil’s National Mining Agency on Saturday ordered Vale SA to suspend operations at its Corrego de Feijao iron ore mining facility after a dam burst there released a torrent of sludge that has left hundreds missing.

State prosecutors have also entered a motion to freeze 5 billion reais ($1.3 billion) in Vale’s accounts for handling damages, state prosecutor Antonio Sergio Tonet told reporters, adding that he expects more funds to be frozen in the future.

$1 = 3.7695 reais Reporting by Marta Nogueira Editing by Paul Simao

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