Vale chief executive officer Fabio Schvartsman has temporarily resigned from his role due to controversy related to the Brumadinho tailings dam disaster in Brazil in January.
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Iron ore on way to $US100/tonne as Vale clampdown continues
The global iron ore price is expected to temporarily rise above $US100 ($138) per tonne due to fallout from Vale's recent tailings dam disaster in Brazil, according to Capital Economics.
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BHP, Vale settle Samarco dam disaster lawsuit
BHP, Vale and their joint-owned subsidiary Samarco have reached a compensatory agreement with the Brazilian Government over the 2015 Bento Rodrigues dam disaster.
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