SAO PAULO, April 3 Brazilian miner Vale SA said on Monday that 260,000 tonnes of fine iron ore on a South Korean ship that sank in the South Atlantic had been insured.
Vale said in an email that the cargo, which belonged to the Brazilian miner, was bound for China for storage and blending when the ship operated by South Korea's Polaris Shipping, Stellar Daisy, sank off Uruguay's coast.
Vale said the cargo had been stowed in accordance with international norms. (Reporting by Roberto Samora; Writing by Brad Haynes; Editing by Daniel Flynn)
UPDATE 1-Brazil's Temer calls graft charge a 'fiction' as crisis deepens
BRASILIA, June 27 President Michel Temer called a corruption charge filed against him by Brazil's top prosecutor a "fiction" on Tuesday, as the nation's political crisis deepened under the second president faced with possible removal from office in just over a year.
BRIEF-Niko provides corporate update
* Niko Resources - for period ended Dec 31, 2007, co was unable to deliver minimum quantities to certain customers under contracts from Hazira field