Vale downplays risk of dam break at Gongo Soco mine
Vale said risk of a new dam break as a consequence of an unstable embankment at Gongo Soco open pit, in the southeastern state of Minas Gerais, are now minimal.
The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.