Vale (VALE -1.2%) agrees to pay 212M Swiss francs ($232M) in taxes under dispute with the Swiss...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE -1.2%) agrees to pay 212M Swiss francs ($232M) in taxes under dispute with the Swiss government. Vale had provisioned $37M for the potential tax charges, and will take a $195M charge in Q4 to settle the dispute.