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Reuters: Brazilian mining giant Vale is close to joining the consortium that will build the controversial $17 billion Belo Monte dam in the Amazon region, a source in the group told Reuters on Monday.
Vale is likely to take over the 9 percent stake in the project that had been held by an energy subsidiary of meat-packing firm Bertin that announced its withdrawal from the project in February, the source said.
"The deal should be finished within 30 days," the source from the Norte Energia consortium said.......
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Brazil: Vale close to agreeing share in Amazon dam: source
Posted by Washington Post: Juliet Eilperin on April 19th, 2011
Posted in Water Conservation