Brazilian court clears BHP, Vale and Samarco of charges in 2015 dam disaster
A court in Belo Horizonte ruled that state prosecutors failed to prove that "individual actions" directly contributed to the collapse of the dam.
The world’s largest steelmaker China Baowu Steel Group Corporation has held talks with Brazilian iron ore miner Vale on potential opportunities for future cooperation, according to an update on its WeChat account on Thursday.
Hu Wangming, chairman of the group, held a face-to-face meeting with Eduardo Bartolomeo, Vale’s chief executive officer, at Baowu’s headquarter Shanghai.
Hu said Baowu and Vale need to explore new models of future cooperation to achieve sustainability in the steel value chain.
He hopes to keep a stable iron ore supply with a reasonable price.
The meeting came after Hu, previously the general manager, stepped into his new role in June.
Both sides also discussed cooperation in investment in mineral resources as well as the research and development of the low-carbon metallurgical technology, it said without giving further details.
(By Amy Lv and Andrew Hayley; Editing by Alison Williams)
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