Former Vale CEO, 15 others charged in connection with Brazil dam disaster: document [Toronto Globe and Mail (Ontario, Canada)]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
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Source: Toronto Globe and Mail
Brazilian state prosecutors have charged Fabio Schvartsman, the former chief executive of miner Vale SA, and 15 other people with homicide for a dam disaster last year that killed more than 25 people, according to the charging document seen by Reuters. In addition to homicide charges, Vale and TUV SUD, the company responsible for inspecting the dam, were charged with environmental crimes. The 16 individuals charged had worked for Vale or TUV SUD, prosecutors said. Story continues below advertisement Reuters reported earlier this month that prosecutors were set to file criminal charges in coming days. The collapse of the Vale tailings dam on Jan. 25, 219, in the town of Brumadinho was one of the world’s deadliest mining accidents and knocked US$19-billion off Vale’s market value in a single day. Vale shares were down almost 2 per cent in afternoon trade in Sao Paulo. In a statement, TUV SUD said it was co-operating with authorities and could not comment further on the case as investiga
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VALE
Earnings
- 7/28/23 - Miss
VALE
Sec Filings
- 4/22/24 - Form 6-K
- 4/19/24 - Form 20-F
- 4/17/24 - Form 6-K
- VALE's page on the SEC website