Bloomberg News

Vale to Pay Up to 4.5 Billion Reais in Royalties, Reuters Says

July 18, 2012

Vale SA, the world’s second-biggest mining company, has completed negotiations with Brazil’s National Mineral Production Department over unpaid royalties and has agreed to pay up to 4.5 billion reais ($2.2 billion), Reuters reported, citing unnamed people.

To contact the reporter on this story: Peter Millard in Rio de Janeiro at pmillard1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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