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Vale, Brazil Govt to settle royalty dispute within month -Lobao
2012年10月4日 / 晚上9点33分 / 5 年前

Vale, Brazil Govt to settle royalty dispute within month -Lobao

BRASILIA, Oct 4 (Reuters) - Brazil’s Vale SA, the world’s second-largest mining company, and Brazil’s government will resolve a 4 billion real ($1.81 billion) dispute over back royalties within a month, Brazil’s mines minister Edison Lobao told reporters in Brasilia.

On Sept. 4 Vale, the world’s largest iron ore producer, said it increased provisions against potential back royalty payments to 1.41 billion reais.

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