Indonesian miner completes 20% stake buy in Vale unit
MIND ID bought 14.9% stake from Vale Canada and 5.1% from Sumimoto.
MIND ID bought 14.9% stake from Vale Canada and 5.1% from Sumimoto.
Decision is related to losses incurred after the Brumadinho tailings dam burst last year.
Musk offered a "giant contract" if supplies could be produced in an environmentally sensitive way.
This is the second time Vale has suspended operations at the waste disposal plant, with impact to production, since acquiring it in August last year.
Brazilian federal and state prosecutors have asked a court to re-open a multi-billion dollar civil action suit against miners for damages caused by the Fundao dam burst in 2015.
The Xingu dam, in Mariana, was elevated to risk level 2, with level 3 on the scale indicating imminent risk of collapse.
"Supply disruption could provide short-term support to the market, which has eased from six-year highs earlier this month."
Document signed by Vale and the Brazil government has the potential to transfer to the miner the management of some national parks in Minas Gerais, according to prosecutors.
Activities at the Viga mine are unaffected, company said.
Prosecutors said the company has not complied with a number of commitments signed with authorities to prevent a new disaster.