Vale stock plunges after Brazil disaster; $19 billion in market cap erased

January 28, 2019 admin Business News Comments Off on Vale stock plunges after Brazil disaster; $19 billion in market cap erased

Brazilian miner Vale SA’s shares plunged on Monday, wiping out 71.34 billion reais ($18.96 billion) in market value, after a tailing dam collapse on Friday killed scores of people less than four years after a similar disaster.

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Source:: Reuters – Business News