Brazil judge freezes $1.3 billion in Vale assets for dam burst damages

A Brazilian judge in the state of Minas Gerais on Saturday froze 5 billion reais ($1.33 billion) in the accounts of miner Vale SA to pay for damages caused by a dam burst on Friday that has left hundreds missing, state prosecutors said.

A Brazilian judge in the state of Minas Gerais on Saturday froze 5 billion reais ($1.33 billion) in the accounts of miner Vale SA to pay for damages caused by a dam burst on Friday that has left hundreds missing, state prosecutors said.