Vale details damages payments, speeds dam decommisoning
Company added that work to secure its Barragem Sul Superior tailings dam will be complete by December.
Company added that work to secure its Barragem Sul Superior tailings dam will be complete by December.
Vale, one of Indonesia's largest nickel miners, is set to divest around 20% of its stake to local investor to meet new regulations aimed at limiting foreign ownership of its mining resources.
Brazil is in the midst of overhauling its natural gas sector.
In securities filings, Vale projected costs from halted operations related to its dam that burst to fall from $3-$4 per tonne of iron ore in the third quarter to $2.5-$3.5 per tonne in the fourth quarter.
An updated resource estimate for Valentine is slated for the fourth quarter.
The miner also said six deactivated high dams still have negative structural stability certificates.
GF88 is a high-grade iron ore product, produced by grinding Vale's flagship Carjas IOCJ 65% Fe fines.
The church has also blocked investments in the miner through an ethical exclusion process.
Mining has been halted since September 2017 as the company failed to undergo a requested environmental impact on local indigenous communities affected by pollution caused by the operation.