Vale executives investigated in Brazil over Simandou deal
Police in Rio de Janeiro will investigate Vale CEO Eduardo Bartolomeo, and other executives and former directors over the deal to explore the giant iron-ore mine in Guinea.
Police in Rio de Janeiro will investigate Vale CEO Eduardo Bartolomeo, and other executives and former directors over the deal to explore the giant iron-ore mine in Guinea.
Parauapebas, a city of 210,000 people where the Serra Norte complex is located, entered a lockdown due to a significant increase in coronavirus cases.
A project for a dedicated iron ore port with a capacity of up to 560 million tonnes per year is advancing in the north of Brazil.
In the filtration process, the existing water in the tailings is minimized, allowing most of the material to be stacked in a solid-state.
Israeli diamond and mining tycoon will have access to audio and video of Vale's meetings to discuss the partnership over the giant Simandou iron-ore mine in Guinea.
The Brazilian miner's board approved the re-election of current CEO Eduardo de Salles Bartolomeo to serve a new three-year term.
Mining executives view higher demand for the metal as an opportunity for the industry to improve its image.
Iron ore production capacity at the site should return to 12 million tonnes a year once the commissioning period is over.
Shareholders will vote on the new board in an assembly on April 30.
Investigation concluded that the disaster was triggered by vertical perforations in a weak point of the structure.