According to reports, a federal court in Brazil said Vale's acquisition of ferrous resources, a medium-sized iron ore miner, could be scrapped until certain environmental compliance documents are provided, which the company will have 30 days to complete A vale spokesman said the company had not been formally informed and would take "appropriate measures" at the right time Vale said in August that it had to temporarily suspend the operation of its newly acquired virga concentrator, owned by ferrous resources, "because of inconsistencies in documents." The company said the stoppage did not affect the VIGA mine, and the paperwork did not indicate any problems with the mine's Tailings Dam, which has been a sensitive topic for vale since the collapse of a dam in January that killed at least 250 people Vale said in August that it was close to completing the acquisition of ferrous resources from Icahn enterprises, with a value of about $550 million, including debt, initially disclosed in December. Vale is Brazil's largest exporter of iron ore. (From SMM)