Marathon releases Valentine pre-feasibility results, shares up
The company's stock in Toronto traded at C$1.22 per share, up 9.9% on Monday.
The company's stock in Toronto traded at C$1.22 per share, up 9.9% on Monday.
The challenge is open in Canada and Brazil with each selected solution eligible to receive up to $200,000.
Last October, 54 Brazilian dams failed to certify their stability or file the stability paperwork altogether.
Operations at Brucutu, with an annual capacity of 30 million tonnes, have been halted at various times over the past year.
Vale calculates roughly 18 million tonnes of output could be interrupted in the transoceanic market.
The test kits - produced by Chinese company Wondfo - were donated by Vale.
The cameras will be imported from Sweden and China and begin arriving at the end of March.
Vale said it will pay more than 1,000 suppliers before they are due to help the companies deal with the sharp fall in economic activity.
Company said it does not expect the decision to affect full-year production and sales.
Teluk Rubiah shipped 23.7 million tonnes of iron ore in 2019.