Brazil superior court rejects Brumadinho indictments on procedural grounds
A chamber of the court ruled on Tuesday that the charges filed by state prosecutors in Minas Gerais should be filed through a federal court and not a state one.
Brazilian prosecutors are looking into ex-CEO Schvartsman's declaration that Vale had already shuttered nine upstream dams in response to the 2015 collapse.
The Canadian miner will retain a major stake in the new company while leveraging the capital markets to provide the funding required for ongoing exploration and underground development.