The Brazilian mining group Vale is considering after the devastating dam break in one of its iron ore mines in Brazil, the cost of many lives, the dividend payment and share repurchases to suspend. This was to advise the Board of Directors in an extraordinary meeting, said the mining group in the night to Monday.
in Addition, thinking of stress managers, the variable Salary components temporarily. Meanwhile, froze a court of values is 3 billion dollars in assets as collateral for compensation.
The share price of the mining company, fell after the accident in the foreign countries of around 8 percent. The stock market in Brazil is currently closed due to public holidays. The two Dam failures in a row, will now also bring the banks to Think about: A Banker said under the seal of secrecy, the Finance houses would, in future, to assess investments in companies such as Vale or BHP Billiton much more critical. John Howchin, the head of the ethics Council of the Swedish public pension funds, says the newspaper “Dagens Nyheter”, he’ll probably recommend to lock in future investment in Vale for the Fund.
VALE S. A. — — (–) tradegate, Frankfurt, lang & Schwarz, Stuttgart 1T 1W 3M 1J 3J 5J For detail view
It is also the Foundation of two bodies, had been with external consultants decided to support the Board’s name. A Committee should take charge of support for the bereaved and the damage of the dam collapse. The other group should investigate the causes of the disaster.
After the dam burst near the town of Brumadinho in the state of Minas Gerais, the number of confirmed deaths is according to the latest figures on 58 increased. 305 people were still missing, the civil protection authority announced on Sunday. The number of dead is expected to rise accordingly.