Skip to main content

Vale's CEO discusses out-of-court compensation to those affected by the dam breach in Brazil

Published by
Global Mining Review,


Vale's CEO Fabio Schvartsman met on the afternoon of 31 January with Brazil's Attorney General Raquel Dodge in Brasilia to propose payment of extrajudicial compensation to victims and family members of those affected by the breach of Dam 1 of the Córrego do Feijão mine, which took place on the afternoon of 25 January.

"Our proposal is to indemnify those affected by the disaster as soon as possible," stated the CEO.

According to Schvartsman, payments will be made as soon as the company signs the extrajudicial agreement with the Minas Gerais state authorities responsible for the case.

"We are prepared to waive the lawsuits to expedite an agreement with the authorities of the State of Minas Gerais, so Vale can stand up immediately to this indemnification process," he said.

Vale's CEO also stated that the company is committed to repairing the environmental damages caused by the dam breach, but, right now, the focus is on alleviating the pain of those affected. Our top priority are the victims and their families. The other issues are important and will be taken care of, but we need to act promptly on what's at hand," he concluded.

Read the article online at: https://www.globalminingreview.com/finance-business/04022019/vales-ceo-discusses-out-of-court-compensation-to-those-affected-by-the-dam-breach-in-brazil/

You might also like

OSIsoft webinar

WEBINAR: The hidden value of digital transformation in coal mining

In this webinar, OSIsoft will highlight some aspects of a successful digital transformation journey and discuss the top priorities that mining executives are looking for. They will also see how mining companies around the world benefit from real-time operational data to improve their safety results & their asset reliability and to optimise their operations. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):