Vale stock plunges after Brazil disaster; $16 billion in market cap erased

Brazilian miner Vale SA's shares plunged on Monday, wiping out nearly 62 billion reais ($16.4 billion) in market value, after a tailing dam collapse on Friday killed at least 60 people and left 292 missing with slim hopes for recovery.

from Reuters: Business News https://reut.rs/2COcR1B