Ship carrying Vale iron ore damaged off Brazil coast
The ship's commander issued an emergency satellite alert on Tuesday and took the vessel to a sandbar.
The ship's commander issued an emergency satellite alert on Tuesday and took the vessel to a sandbar.
The contract includes an integrated solution to enhance safety, efficiency and productivity of mining operations.
The iron ore giant was aware of the facility’s fragile condition from 2003.
Company reported a $1.56 billion net loss in the fourth quarter.
The move follows charges filed by state prosecutors on January 21 accusing the former CEO and other 15 people of homicide.
The negative effect on the miner's balance sheet will be formally informed when releasing full-year results on Feb. 20.
With an investment of up to $100 million, the new plant will be an important part of Vale's strategy to reduce the accumulation of tailings.
The dam is safe and secure, Vale said, but had been on Level 1 watch due to its proximity to the Sul Superior dam, which remains at Level 3.
One year ago, a Brazilian dam operated by Vale gave way to a tsunami of 9.7 million cubic meters of mining sludge that buried part of a town and killed 270 people.
Fabio Schvartsman was supposed to be the fresh face that would help Vale SA, the world’s biggest iron ore miner, advance after a 2015 dam collapse.