Iron ore price, page-10659

$25b might be considered a significant sum....

https://economia.uol.com.br/noticia...ada-em-20-da-receita-bruta-diz-secretario.htm

Brazilian officials have decided to investigate Vale in an administrative proceeding in which the company can face a fine of up to 20% of gross revenues in 2018 if it is found guilty, said the secretary of Geology, Mining and Mineral Transformation of the Ministry of Mines and Energy, Alexandre Vidigal de Oliveira .... -

He called for the opening of the process to investigate whether the company's action to impede the investigation or oversight of the government in ditches of mining tailings like Brumadinho, that broke up in January 25. The mining code has a limit of just over $ 3,000 for fines, but the case of Vale could be framed in the Anti-Corruption Law. In that case, if convicted, the penalty amounts would grow exponentially and could reach $ 25 billion - based on preliminary estimates of the 2018 data


See more at https://economia.uol.com.br/noticia...vale-pode-ser-multada-em-20-da-receita-bruta- Tell-a-secretary.htm? cmpid = copiaecola