Brazil’s President Rousseff may have been persuaded not to include a proposed special...

|By:, SA News Editor

Brazil’s President Rousseff may have been persuaded not to include a proposed special participation tax, which would have forced Vale (VALE +2.4%) to pay a share of some of its most profitable mines to the government, in the new set of mining regulations due in May. That's a big deal, Goldman says; since September, Vale’s discount to peers has widened to ~19% vs. its 2% historical average.