Vale suspends force majeure on iron ore shipments
Brazilian mining giant Vale said Monday it had suspended with immediate effect force majeure on iron ore shipments contracts.
The world’s main producer had declared force majeure — limiting its liabilities owing to circumstances beyond its control — on December 27 after bad weather in Brazil’s southeast disrupted operations and shipments.
Read more at: http://www.globalpost.com/dispatch/news/afp/140106/vale-suspends-force-majeure-iron-ore-shipments
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