Golden Ocean declines after tragedy in Brazilian mine

A tragic accident at a Brazilian mine operated by Vale which cost 84 lives has impacted the share price for Norwegian bulk carrier Golden Ocean. The company lost a fifth of its market value this week, reports Norwegian business daily Dagens Næringsliv.

Photo: Ritzau Scanpix/Douglas Magno

Norwegian bulk carrier Golden Ocean lost a fifth of its stock exchange value after a tragic accident at a mine operated by mining giant Vale.

Vale, the world's largest iron ore producer, announced that it will close production capacity totaling 40 tons this year after a dam collapsed at one of the company's mines in Brazil, reports Dagens Næringsliv.

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