https://www.engineeringnews.co.za
Mining
Mining
mining

Vale proposes increase of board, more mining execs

1st April 2019

By: Reuters

  

Font size: - +

SAO PAULO – Brazilian miner Vale has proposed enlarging its board by adding one independent member, according to a securities filing, two months after 300 people died in a mining dam operated by the company.

One source close to controlling shareholders said the change is aimed at including more executives with previous experience in mining and sustainability issues.

According to the filing on Thursday night, three board members will be independent and nine will be appointed by controlling shareholders. Currently, the board has 11 members and one employee representative who is elected separately from the rest of the board.

The proposal, which shareholders will vote on at an April 30 meeting, increases the total number of board members from 12 to 13 for the 2019 to 2020 period.

The board members appointed by the controlling shareholders are Jose Mauricio Coelho, CEO of pension fund Previ; Hamilton Ferreira; Marcel Barros; Marcelo Labuto; Fernando Buso; Eduardo Rodrigues Filho; Oscar Camargo; Toshiya Asahio and Jose Luciano Penido. Eduardo Rodrigues is a former Rio Tinto executive and Jose Penido was CEO of Samarco Mineracao from 1992 to 2003.

Edited by Reuters

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.083 0.136s - 158pq - 2rq
Subscribe Now