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Vale's Dam Collapse: Progress in Rescue and Restoration Efforts
[Extraordinary Independent Consulting Committees] (1 Feb)
Regarding the collapse of its tailings dam of the Corrego do Feijao mine on 25 January, Vale S.A. ("Vale") announced on 1 February the selected members of its Extraordinary Independent Consulting Committee for Investigation ("CIAEA"), as well as the appointment of the Chairperson of its Extraordinary Independent Consulting Committee for Support and Recovery ("CIAEAR").

Following a selection process led by the international consulting company Korn Ferry, five outside independent members have been appointed for CIAEA, including Dr. Ellen Gracie, Former Minister of the Federal Supreme Court and of the Electoral Superior Court, and President of the Special Committee for Investigation at Petrobras.

Also, Leonardo Pereira (external independent member) has been appointed as the Chairperson of CIAEAR. He was President at Comissao de Valores Mobiliarios (CVM) from 2012 to 2017 and was also Independent Advisor of the Oversight Advisory Committee of the World Health Organization. He has received a Masters degree in Administration from Warwick University and has Global experience of more than 25 years in the capital markets.

[Financial Support to Victims] (1 Feb)
Vale announced on 1 February that it would expand the humanitarian financial aid to those impacted by the Dam I breach in Brumadinho.Two financial aid categories will be created: (1) All the families that resided in the Self-Saving Zone (ZAS) of the Emergency Action Plan for Mining Dams (PAEBM) will receive a R$50,000 (approx. $13,700 at $1=R$3.66) donation; and (2) Those who did not reside at the ZAS, but carried out certain activities registered by the company when the PAEBM was created will receive a R$15,000 ($4,100) donation. Vale is to release the information on the procedure to receive the aid next week.

[Re-establishment of the Guaiba Island Terminal (TIG) ] (31 Jan)
Vale announced on 31 January that it has received a favorable decision that warranties the reestablishment of its activities at the Guaiba Island Terminal (TIG), one of iron ore shipping ports.

[Number of Fatalities] (31 Jan)
Vale announced on 31 January the latest figure of casualties as follows: 99 fatalities, 67 identified; 259 missing; 192 rescued; 393 people found.
last modified : Tue 12 Feb, 2019 [11:09]
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