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Vale to restore full Brucutu mine output after court ruling

By: Reuters     Updated 7 hours ago Brazilian miner Vale said on Wednesday that it would 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. In a corporate filing, Vale also reaffirmed its 2019... 

Vale creates role of safety czar after two deadly dam collapses

By: Reuters     6th June 2019 Brazilian mining giant Vale said on Wednesday it had created the new role of executive director for safety and operational excellence, following a dam burst in January that killed hundreds, its second such disaster in three years. The world's largest iron ore miner said it had recruited Carlos... 

Vale says risk of dam break at Gongo Soco mine has diminished

By: Reuters     28th May 2019 An unstable embankment at Vale's Gongo Soco mining pit in Brazil has a lower risk than previously thought of collapsing in a way that would destabilize the nearby Sul Superior dam, the iron-ore miner said in a statement on Tuesday. Last week, an environmental official for the state of Minas... 

Vale's Gongo Soco mine dam has up to 15% chance of bursting -Brazil official

By: Reuters     21st May 2019 Brazilian miner Vale's tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state's environment secretary said on Monday. The dam at Vale's Gongo Soco mine is about 64 km from Brumadinho, where a tailings dam collapse unleashed a torrent of toxic... 

Vale says may expand Carajas Serra Sul mine, doubling output

By: Reuters     14th May 2019 Brazilian miner Valesaid on Tuesday it is considering doubling the output of its Carajas Serra Sul iron-ore mine in the northern part of the country after 2020, saying the move would allow it to cut the use of tailings dams. One such dam, used to store the muddy, toxic mining debris, collapsed... 

Vale shareholders push to loosen company control over board elections

By: Reuters     29th April 2019 Minority shareholders of Brazilian iron-ore miner Vale have enough votes to request that board members be elected independently using a cumulative voting system and not in a single vote approving all names proposed by controlling shareholders, the company said in a filing. Broker Vic DTVM and... 

Brics offers ‘massive’ opportunities for intrabloc trade

By: Rebecca Campbell     19th April 2019 Gauteng Provincial Premier David Makhura has hailed the Brazil, Russia, India, China, South Africa (Brics) alignment as a force that could promote global inclusive economic growth and help develop Africa. He was delivering the keynote address at the recent Brics Business Council mid-term meeting... 

Vale expects to resume Brucutu mine operations within 72 hrs - filing

By: Reuters     17th April 2019 Brazilian iron-ore miner Vale said in a securities filing late on Tuesday that within 72 hours it expects to resume operations at the Brucutu mine, its largest in Minas Gerais state. Brucutu was shuttered in early February by request of Minas Gerais state prosecutors after a tailings dam burst... 

Brics Business Council making good progress, faces great opportunities

By: Rebecca Campbell     3rd April 2019 The Brazil, Russia, India, China, South Africa (Brics) alignment offered its members "massive" trade opportunities, which must be exploited. So affirmed Brics Business Council South Africa Chapter chairperson Busi Mabuza on Wednesday. She was addressing the Brics Business Council mid-term meeting... 

Vale proposes increase of board, more mining execs

By: Reuters     1st April 2019 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... 

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