- Vale (VALE) reaches an agreement with the Brazilian government regarding some $14B in taxes the country's authorities claim the mining giant owes.
- VALE will pay $9.7B over the next decade and a half and $2.56B this month, FT says.
- Here's CEO Murilo Ferreira on the deal: "The proposed terms have allowed for a considerable reduction in the amounts in dispute, and the decision ... is consistent with our goal of eliminating uncertainties and directing managerial focus on Vale's businesses."
Brazil, Vale strike deal on tax dispute
Nov 27 2013, 17:11 ET