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After Dumping Vale, Church of England Says Miner Has ‘Way to Go’

  • Church sold its holdings in Vale after the Brumadinho accident
  • Vale has ‘a long way to go’ before any reinvestment: church
Rescue workers attempt to remove a body after a Vale dam burst in Brumadinho, Brazil, on Jan. 28.
Rescue workers attempt to remove a body after a Vale dam burst in Brumadinho, Brazil, on Jan. 28.
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The Church of England has dumped Vale SA, and it doesn’t look like the Brazilian miner will make it back into the good books any time soon.

The church sold its shares in Vale after a tailings dam collapse in January killed at least 249 people in the Brazilian town of Brumadinho. It has also blocked investments in the miner through an ethical exclusion process, according to Adam Matthews, director of ethics and engagement at the church’s pension board.