After the collapse of the dam in Brazil, the Vale mining company suspended the payment of dividends to shareholders and its price down on Wall Street

The strong fall is given hours before markets open in Sao Paulo and New Yorkand then Vale's newspapers suffered a decline of 8% on Friday.

Each action of the Brazilian giant has been cited Monday at $ 11.95, down 12.52% from $ 13.66 hit Friday at Wall Street closing. At worst in the morning, the collapse reached nearly 16% of the value, but the newspapers then reduced the losses. The New York Stock Exchange will reopen Monday at 9:30 am local time (14:30 GMT).

In as much the papers of Vale to the Bovespa, the Brazilian stock exchange in San Pablo, They were not affected by the disaster since this place was closed Friday for holidays. Thursday, the price had closed at 56.15 reais per share, while the price recovery had begun in early January. The stock market in Brazil will open at 10:00 am local time (12:00 pm GMT).

Vale is one of the largest mining companies in the world and a leader in iron and nickel mining. Founded in 1942, the company is headquartered in Rio de Janeiro, although it operates worldwide with more than 75,000 employees.

As a result of the disaster and after an extraordinary meeting of its board of directors, the company announced Monday to have suspended the payment of dividends to its shareholders.

At that meeting, it was also decided to suspend Vale's share buyback program, as well as the payment of variables in the compensation of the company's executives, according to the agency. AFP.

At least 58 people were killed by the collapse of the dam at the Vale mining complex in Córrego do Feijao, Brumandinho, and another 305 are still missing.as confirmed by the Civil Defense in the state of Minas Gerais in southern Brazil.

In addition, 3,000 people were evacuated and it is estimated that around 24,000 people could be affected by the advanced iron ore mining residues that were released by the dike.

Brazilian justice has blocked more than 11,000 million reais (about $ 3,000 million) from the mining company over the weekend to repair the damage to the environment. In addition, Vale has also been sentenced to two fines totaling 300 million reais.

It's the worst ecological disaster of its kind in Brazil's history, Beyond what happened in 2o15 in Bento Rodrigues (also in Minas Gerais), when the collapse of the retaining walls of two dams left 19 dead. On this occasion, Vale was also involved, with the Anglo-Australian minor BHP Billiton.