Bloomberg News

Vale, Usiminas, CSN Win Rulings Against Mining Taxes, Globo Says

June 06, 2012

Vale SA (VALE3), Usinas Siderurgicas de Minas Gerais SA and Cia. Siderurgica Nacional SA (CSNA3) won court injunctions to avert a combined 1.5 billion reais ($741.7 million) of annual mining taxes in two Brazilian states, O Globo reported.

Usiminas and CSN were granted injunctions in the southeastern state of Minas Gerais, while Vale won a ruling in the northern Para state, the Rio de Janeiro-based newspaper said.

State governments may appeal the decisions, O Globo said.

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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