August 1, 2017 / 11:53 AM / a year ago

Brazil's Vale calls 'speculative' news it plans to buy stake in Samarco

SAO PAULO, Aug 1 (Reuters) - Brazilian mining company Vale SA dismissed as speculative a news report saying it planned to buy a stake in Samarco Mineração SA from Australian partner BHP Biliton Ltd, according to a securities filing on Tuesday.

The news item referred to in the filing appeared on July 30 in a blog hosted by O Globo newspaper, Vale said. Samarco, responsible for Brazil’s worst environmental disaster in history, is a 50-50 joint venture of Vale and BHP. (Reporting by Ana Mano)

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