Already a Bloomberg.com user?
Sign in with the same account.
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 email@example.com
To contact the editor responsible for this story: Dale Crofts at firstname.lastname@example.org