Vale SA, the world’s largest iron ore miner, vowed on Tuesday to take as much as 10 percent of its ore output offline in order to decommission 10 more dams like the one that burst last week, killing scores of workers and nearby residents.
Chief executive Fabio Schvartsman said it would temporarily paralyze operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them over the next three years.
The move came as prosecutors began arresting Vale executives over the Friday collapse of a tailings dam in the Brazilian town of Brumadinho, which was hit by a torrent of mining waste that killed at least 84 people and left hundreds more missing.
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Read more:
Search resumes at Brazil mine disaster site
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The disaster raised fresh questions about the company’s commitment to safety after a similar deadly dam burst just over three years ago at a nearby mine it jointly owned.
“We decided the company should, once and for all, do what it takes to remove any doubt about the safety of Vale’s dams,” Mr Schvartsman told journalists in Brasilia.
The burst Brumadinho dam was one of 19 ‘upstream’ tailings dams owned by Vale, all in the state of Minas Gerais, built with a method banned in Peru and Chile for safety reasons.
Vale had already begun the process of decommissioning nine of them. A corporate presentation seen by Reuters showed that the company had studied but did not implement several steps that could have prevented or lessened the damage from the Brumadinho disaster.
Mr Schvartsman said Vale’s board had approved the decision to decommission its 10 remaining upstream dams and suspend the related mining operations as necessary, relocating 5,000 workers to other parts of the company.
Those operations currently produce 40 million tonnes of iron ore and 11 million tonnes of pellets per year, he said. Vale forecast total iron output of 390 million in 2018.
Earlier on Tuesday, police arrested three Vale employees, including two senior managers at the Corrego do Feijao mine in Brumadinho, as they began a criminal investigation into the disaster with an expected death toll of more than 300 people.
Vale said it was cooperating with investigators in the case and the mining complex had been built to code, with equipment showing the dam stable two weeks before the disaster.
Two other engineers, who worked for Germany’s TUEV SUED on a contract where they attested to the safety of the Vale dam, were arrested in Sao Paulo, according to state prosecutors and a spokesman for the German firm.
Minas Gerais state investigators issued a total of five arrest warrants and seven search warrants on suspicion of murder, falsification of documents and environmental crimes, a judge’s decision showed.
The collapse of the dam in the hilly, pastoral region has killed at least 84 people, according to firefighters’ count on Tuesday evening, with another 276 missing and likely dead.
Chief Financial Officer Luciano Siani said Vale was doing all it could, offering money to mourners, extra tax payments to local government, a special membrane to remove mud from the river and major investments to make its dams safer.
Yet residents in the devastated town of Brumadinho have been unmoved, watching in shock and anger as one dead body after another has been pulled from the mud.
Following a deadly 2015 tailings dam collapse just a few towns over at a mine half-owned by Vale, the disaster remained unforgivable in the eyes of many Brazilians.
At the headquarters for the local mining union, which lost more than one in 10 members by organizers’ count, treasurer José Francisco Mateiro blamed the company and authorities for putting him and his comrades at risk.
“They call it an accident but the design of those dams was premeditated,” he said. “There have been warnings about all mining dams for a long time now.”
Still, prosecutors and politicians have not held their fire.
Government ministers have said Brazil’s mining regulations are broken. The country’s top prosecutor said the company should be criminally prosecuted and executives held personally responsible.
On Monday, a presidential task force contemplated forcing out Vale’s management, but by Tuesday senior officials pushed back on the idea.
“There aren’t conditions for any degree of interference. It would not be a good signal to the market,” presidential chief of staff Onyx Lorenzoni said in a news briefing.
Getting%20there
%3Cp%3EGiven%20its%20remote%20location%2C%20getting%20to%20Borneo%20can%20feel%20daunting%20even%20for%20the%20most%20seasoned%20traveller.%20But%20you%20can%20fly%20directly%20from%20Kuala%20Lumpur%20to%20Sandakan%20and%20Sepilok%20is%20only%20half%20an%20hour%20away%20by%20taxi.%20Sandakan%20has%20plenty%20of%20accommodation%20options%2C%20while%20Sepilok%20has%20a%20few%20nature%20lodges%20close%20to%20the%20main%20attractions.%3C%2Fp%3E%0A
PRESIDENTS CUP
Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:
02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
Specs%3A%202024%20McLaren%20Artura%20Spider
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THE SPECS
Engine: six-litre W12 twin-turbo
Transmission: eight-speed dual clutch auto
Power: 626bhp
Torque: 900Nm
Price: Dh940,160 (plus VAT)
On sale: Q1 2020
The specs
Price: From Dh529,000
Engine: 5-litre V8
Transmission: Eight-speed auto
Power: 520hp
Torque: 625Nm
Fuel economy, combined: 12.8L/100km
Company%20Profile
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Company%20Profile
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RACECARD
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'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Hili 2: Unesco World Heritage site
The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.
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SPECS
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Company%20profile
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Confirmed%20bouts%20(more%20to%20be%20added)
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The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
Bio:
Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour
Favourite Hobby: Serving poor people
Favourite Book: The Alchemist by Paulo Coelho
Favourite food: Fish and vegetables
Favourite place to visit: London
The%20Crown%20season%205
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Company%20Profile
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