Vale lowers alert level at Vargem Grande dam

Vale has lowered the alert level at its Vargem Grande dam following a series of structural improvements made since January in the wake of a deadly breach of another.

“The Vargem Grande dam, located in the Abóboras mine in Nova Lima, Minas Gerais, Brazil, had its emergency action plan for mining dams level reduced from 2 to 1,” Vale said on Wednesday June 5. Vale did not announce any related changes to either its iron ore production or sales forecast. The miner’s 2019 sales guidance for iron ore and pellet products stands...

Published

Deepali Sharma

June 06, 2019

08:45 GMT

Singapore