The chairman of the mining company Vale resigned after the tragedy in Brazil

According to a statement, Schvartsman, 65 years old, and the other leaders submitted their application after the prosecutor's office and the federal police will recommend their dismissal Friday in the midst of investigations.

"Requests for temporary resignation have been accepted immediately," the company said.

In a letter to Board of Directors of the company and revealed to some Brazilian media, its director to date responsible has requested the temporary separation of his post "in favor of the continuity of the operations of the company and the support provided to the victims and their families".

Although he has defended his management and his devotion "day and night" since the tragedy was triggered to take care of the victims, collaborate in investigations and preserve the activities of the company, Schvartsman said his presence under Vale "was perceived as a disadvantage".

Well, the largest producer of iron ore in the world, was the owner of the dike that erupted on January 25 in Brumadinho (State of Minas Gerais) caused a tsunami of 13 million cubic meters of mud and mine waste that was devastated by the whole life that it found in its path and left a death toll of 186 dead and 122 missing.

In its murderous descent of about nine kilometers to the Paraopeba River – which is now contaminated with sediment – it destroys the administrative facilities of the mine, the dining room where many employees eat lunch, an inn and several houses of the rural area of Brumadinho.

For now, neither society, which He has received millions of fines and freezes of badets to pay future benefitsnor did the authorities explain what happened.

Various organizations and political figures have attributed this tragedy to the apathy with which the company has addressed the issue of facility security.

Eight of his charges, laid on January 15 and charged with negligence, were released last Wednesday.

This is not the first time that Vale, privatized in 1997, has been involved in a disaster of considerable magnitude in recent years.

In 2015, a dike from a Samarco mine (a joint project of Vale and the Australian BHP) broke out, generating a new tide of mud that killed 19 people in Mariana (also in Minas Gerais) and constitutes the worst environmental disaster in history Brazil

Since the tragedy of Brumadinho, there was a lot of speculation about a dismissal or resignation from Schvartsman, who took over the reins of the company in May 2017 with the slogan "Mariana Never Again".

With the release of Schvartsman, the current executive director of Basic Metals, Eduardo Bartolomeo, will provisionally badume the order of the company.

Vale, which is listed on the New York and Sao Paulo Stock Exchanges, lost more than a quarter of its value in the days following the tragedy, although it regained ground.

On Friday, the stock closed at 46.74 reais, down 16.9% from 24 January.

A few days after the tragedy, Vale announced the dismantling of 10 Brazilian plants similar to the broken Brumadinho dam, which would reduce the group's annual iron ore production by 40 million tonnes. 10% of its total production.

This announcement rocketed the international price of iron ore.

Last Thursday, the rating agency Moody's downgraded Vale de Baa3 rating to Ba1, with which it lost the investment grade rating