Vale announces the closure of 10 dams similar to those of Brumadinho



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The president of the mining industry declares that the closure plan is ready and that the delay will be at least one and three years maximum

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[Brésil]

[Brésil]

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Jan 29, 2019 – Posted on Jan. 29, 2019, 8:32 pm

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After meeting with the Ministers of Energy and Mines, Bento Albuquerque and of the Environment, Ricardos Salles, president of Vale Fabio Schvartsman, announced the closure of dams (Washington Alves / Reuters)

Today (29), the company is will find with ten dams, like the one that shattered in Brumadinho in the suburbs of Belo Horizonte (MG). "

Schvartsman stated that decommissioning means preparing the dam for its integration with nature."

Schvartsman stated that decommissioning means preparing the dam for integration with nature. "The company's decision is that we can no longer live with this type of dam."

Vale's president said the dam decommissioning project is ready and will be presented to federal agencies and States in 45 days.According to him, the turnaround time for the shares is at least one year and not more than three years.

Schvartsman stated that "it does not He was under no pressure from the federal government to intervene in the direction of Vale, and he said today's meeting with Ministers Costa, Lima and Salles was "absolutely

"This plan was presented today to the Ministers of Mines and Energy and the Environment, as it was yesterday. to the governor Romeu Zema [de Minas Gerais]. "According to the executive, the decision will be published in a statement intended to inform the financial market.


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