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Brazil Vale says will appeal ruling block assets for dam burst

2015-12-21 01:38:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Brazil's Vale SA said on Sunday it will appeal a court decision to freeze some of it and BHP Billiton's Brazilian assets, saying the ruling, which declared the two mining companies responsible for a dam burst last month, was "inappropriate." Vale said it had still not been officially notified of the decision, which was issued late Friday, but understood the ruling banned it from extracting iron ore. It did not, the company said in a statement, prohibit it from performing other activities such...

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