Vale to Shut Down Dams and Reduce Production in Brazil

The halt in production in mines surrounding the dams will reduce Vale’s production of iron ore by 40 million tons per year, ten percent of the company's annual production.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Vale, the mining giant of Brazil, announced on Tuesday that the company will eliminate ten dams similar to the one which caused the disaster in Brumadinho last week, when it ruptured. Vale estimates that the plan will cost the company approximately R$5 billion and will decrease Vale’s production by ten percent.

"The decision of the company is that after this disaster happened, we can no longer live with this type of dam, we made the decision to eliminate with all the upstream dams, decommissioning all of them with . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?