Vale buys back stake in MBR unit from Bradesco
The deal leaves Vale holding a 98.3% stake in MBR, which accounted for the production of about 59 million tonnes of iron ore last year.
The deal leaves Vale holding a 98.3% stake in MBR, which accounted for the production of about 59 million tonnes of iron ore last year.
The world's largest iron ore miner has elected two new board members.
ANM said it had visited the dam, and noted only minor superficial irregularities.
The pre-feasibility is on schedule for release in the second quarter of next year.
Brazil's TV program "Jornal da Band" obtained a report regarding the B-5 dam from prosecutors in the state of Minas Gerais through a freedom of information request.
Drainage problems would have caused "persistently high water levels" that weakened the facility’s walls, say experts appointed by the miner.
The collapse of the tailings dam in Brumadinho flooded a nearby company cafeteria and the surrounding countryside with mining waste.
The company will divest its New Caledonia operation, eyes Indonesia for expansion.
The measure will reduce Brucutu's iron ore output by 1.5 million tonnes a month.
The two executives are Marcio Hamilton Ferreira, chair of the finance committee, and Marcelo Augusto Dutra, who leads the compliance committee.