Brazil court calls for suspension of two additional Vale tailings dams, orders $262mln asset block

A preliminary decision from a court in Brazil's Itabira city, in the country's southeastern Minas Gerais state, has ordered Vale to suspend activities at two of its tailings dams, following a request from the Minas Gerais state prosecutors' office, MPMG.

Vale immediately complied with the decision, which affects the dams of Minervino and Cordão Nova Vista, part of the Cauê mine, the company said on Monday March 18. The suspension had no impact to production, because the Cauê mine is currently not using the affected dams, according to the company. The structures have stability certificates from September 2018, Vale added. Vale also said it increased surveillance and restricted access to the suspended dams. Another legal decision...

Published

Felipe Peroni

Renato Rostás

March 18, 2019

20:05 GMT

São Paulo