The world’s biggest iron ore producer said the injunction will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on line.
Brazil Mining News
The dam is located in the municipality of Barão de Cocais, in the southeastern Brazilian state of Minas Gerais.
Vale has been targeted by several court verdicts related to mines that use dams similar to the one that burst in the town of Brumadinho in January.
The preventive measure was taken after a stress test failed to guarantee stability of the mine’s structures. Vale noted it would restart production when new studies are completed and their results are conclusive.
A state prosecutor filed subpoenas with Vale last June to review safety documents regarding its dam, but Vale's lawyers later argued that they had received positive reviews by an auditor.
A local court has cleared the way for Vale to resume operations at the Brucutu mine.
Vale has faced growing pressure to prove that its remaining dams are safe.
The world’s iron ore producer has faced continued backlash from Brazilian authorities since the deadly mining dam accident that killed around 300 people in January.
Brazil is preparing legislation that would clear the way for both private and foreign investment in prospecting and mining for uranium in the country.
Brazilian prosecutors requested that mining company Vale SA be ordered to guarantee the funds.
Brazil's government wants Congress to reconsider a decades-old proposal to allow mining in indigenous reserves, which occupy 13% of the country's territory.
Vale did not identify the executives or say what relation they had with the operation in Brumadinho, where the Jan. 25 disaster occurred.
Brazil’s new right-wing government is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.
The Vancouver-based company now owns the Tucano mine, considered the second largest gold producer in Brazil.
Research by the Massachusetts Institute of Technology (MIT) projected that tin could be the metal with the most to gain.
The world's largest iron ore miner plays an important role in Brazil's economic development.
The allegations were contained in a document given to Vale recommending the immediate “temporary removal” of top executives.
"Being part of the old Brazil, the land of impunity, doesn't work anymore."
The company described the move as 'temporary.'
Vale will be on the hook for about $7.2 billion should Brazil’s government fine the company 20% of annual revenue.
The company has started an investigation.
The company and its workers are under investigation for criminal responsibility for "qualified homicides."
“The outlook for all ratings is negative.”
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.
Wood Mackenzie says close to 8 million tonnes of seaborne supply from Brazil is at risk in 2019.