Vale says 'respectfully disagrees' with Brazil Senate indictment recommendation

Brazilian iron ore miner Vale SA said on Tuesday that it "respectfully disagrees" with recommendations by a Brazilian Senate committee that its chief financial officer and other executives be indicted over a deadly dam burst in January.

Vale said in a statement that the company believes that there needs to be a "forensic, technical and scientific conclusion about the causes of the dam burst" before certain people are held responsible.