Tag: Vale

Friday, February 5th 2021 - 08:57 UTC
Mining giant Vale signs US$ 7bn settlement deal over Brumadinho disaster that killed more than 270 people

Brazilian mining giant Vale signed a settlement deal on Thursday to pay 37.7 billion reais (US$ 7 billion) to the state of Minas Gerais, following the collapse of a dam two years ago that devastated the city of Brumadinho and killed more than 270 people.
Friday, January 8th 2021 - 08:39 UTC
Rupture of dam in Brazil compensation could reach US$ 5,3bn

The Brazilian state of Minas Gerais is hoping to win at least 28 billion reais (US$ 5.3 billion) from a compensation deal with miner Vale SA after the 2019 Brumadinho deadly dam burst, a senior state official said on Thursday.
Saturday, October 17th 2020 - 08:57 UTC
Brazilian iron ore exports increased 18,5% in September over a year ago; strong demand from China

Brazilian iron ore exports increased by 18.5% in September compared to the same period last year, to 37.86 million tons, after Vale increased the pace of production. The volume shipped last month is the biggest since December 2015, when Brazil exported a monthly record of 39.5 million tons, according to the Ministry of Industry, Foreign Trade and Services.
Wednesday, January 22nd 2020 - 08:02 UTC
Mining giant Vale's ex CEO charged with homicide for massive dam collapse killing 250 people

Vale's former chief executive officer was charged with homicide for the massive dam collapse that killed more than 250 people in Brazil last January (2019). Fabio Schvartsman is the highest-profile executive facing criminal charges for Brazil's worst environmental disaster.
Friday, December 20th 2019 - 09:49 UTC
Brazil mining regulator dismisses a Vale dam is in danger of collapse: “structurally sound”

A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil’s national mining regulator said this week.
Wednesday, November 6th 2019 - 09:49 UTC
Brazil's mining giant Vale was aware of problems with tailings dam that burst and killed hundreds

Mining giant Vale failed to report problems at a massive tailings dam in Brazil that could have averted its collapse, killing hundreds, a government agency said on Tuesday.
Tuesday, September 24th 2019 - 07:41 UTC
Criminal charges against Brazil's mining giant Vale and German safety firm

Brazilian federal police have proposed criminal charges against mining giant Vale and German safety firm Tüv Süd and 13 of their employees over January's deadly dam collapse, reports say.
Thursday, August 1st 2019 - 09:56 UTC
Brazilian miner Vale reports quarter loss: US$ 2bn write-downs to compensate for deadly dam bursts

Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than US$2 billion in fresh write-downs related to two deadly dam bursts suffered by the company over a period of less than four years.
Tuesday, July 2nd 2019 - 09:59 UTC
Brazilian Senate recommends 14 indictments following the Vale dam collapse that killed 350 people

Brazilian Senate inquiry into the collapse of a Vale dam that killed nearly 350 people will recommend indictments of 14 people, including Vale executives, according to Brazil's official news service, Agencia Brasil, on Monday.
Thursday, June 20th 2019 - 09:20 UTC
Vale resumes full operations at Brucutu mine easing pressure on iron ore markets

Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam.