Brazil prosecutors close investigation into Vale executives related to Simandou

6th April 2021 By: Reuters

Brazil prosecutors close investigation into Vale executives related to Simandou

Brazilian prosecutors have closed an investigation into Vale executives related to the Simandou mine, in Guinea, the iron-ore miner said in a securities filing on Monday.

Prosecutors had opened an investigation based on documents supplied by Israeli businessman Benjamin Steinmetz, Vale said, citing that Steinmetz has lost arbitration procedures in the US and UK.