1 Min Read
SAO PAULO, Dec 12 (Reuters) - Vale SA said on Monday that a Brazilian judge had given the world's No. 1 iron ore producer another 30 days to deposit part of 1.2 billion reais ($355 million) in reparation guarantees related to a dam accident at Samarco Mineração.
In a securities filing, Vale reiterated its support for Samarco, in which it and BHP Billiton Plc each own a 50 percent stake.
The Brazil-based iron ore joint venture halted operations almost 13 months ago following a deadly dam break that destroyed a city and killed 19 people.
$1 = 3.3770 reais Reporting by Guillermo Parra-Bernal; editing by Jason Neely