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Brazil Vale says operations normal despite asset freeze

Brazil’s Vale said on Sunday it will appeal a court decision to freeze some of it and BHP Billiton’s Brazilian assets, saying the ruling, which declared the two mining companies responsible for a dam burst last month, was “inappropriate.”

Vale said it had still not been officially notified of the decision, which was issued late Friday, but understood the ruling to mean it could not sell or transfer mining rights. It should not impact on production, Vale said.