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Brazil's Vale says Samarco costs so far exceed insurance

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ENVIRONMENT
Costs and fines already incurred as a result of a deadly dam burst at an iron-ore mine in Brazil run by Samarco have exceeded insurance against civil damages, an executive for Brazilian miner Vale, which owns Samarco along with Australia's BHP Billiton, said on a Monday conference call.
 
 
 
 
 

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