China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
After a recent mining fataility at Vale’s Coleman Mine in Sudbury, the Brazillian miner is temporarily shutting down all eight mines in the region while it assesses safety procedures.
Vale will be closing the Coleman Mine, Stoibe Mine, Creighton Mine and the Garson and Copper Cliff Mines. About 1,550 miner will be off work with pay.
“It is with deepest regrets that we had an employee sustain fatal injuries at Coleman Mine in early afternoon on January 29 due to what appears to be some displacement of material from a development face in the main ore body,” said Kelly Strong, Vice-President of Vale North Atlantic mining in a press conference.
“The individual was found and brought to surface where he was subsequently pronounced dead by medical personnel.”
The worker was 47-years-old with 16-years experience. After notification of kin, police identified the victim as Stephen Perry.
On June 8, two Sudbury miners, Jason Chenier, 35, and Jordan Fram, 26, on the 3,000-foot level of Stobie Mine after a load of crushed ore fell on them.
Vale says there has been a string of accidents in the last three months worldwide with one accident occurring in Colombia, three in Brazil and one in Guinea, in addition to the Sudbury death.
In an email, Vale’s chief executive officer Murilo Ferreira told his company’s 119,000 employees Tuesday that safety comes before production and people are more important than profit.
