A report in the Wall Street Journal overnight confirms that the Vale Board have forced the CEO and three other senior executives to stand aside. This came about following a recommendation from authorities to the company.
Vale shares will remain suspended from the stock exchange until Wednesday. Speculation is rife that Vale faces months of litigation and a potential fine of up to $US 7billion.
Iron ore price, page-8
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Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
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