Vale sacrifices output to decommission dams after Brazil disaster
By Jake Spring and Gram Slattery BRASILIA/BRUMADINHO, Brazil (Reuters) - Vale SA, the world's largest iron ore miner, on Tuesday vowed to take as much as 10 percent of its ore output offline in order to decommission 10 more dams like the one that burst last week, killing scores of workers and nearby residents. Chief Executive Fabio Schvartsman said it would temporarily paralyze operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them over the next three years
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