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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Vale    VALE3   BRVALEACNOR0

VALE

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Vale : Brazil Police Will Announce Criminal Charges Against Seven Vale Employees

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09/20/2019 | 08:47am EDT

By Luciana Magalhaes and Samantha Pearson

BELO HORIZONTE, Brazil -- Brazilian police will announce criminal charges Friday against Vale SA and its German safety auditor TÜV SÜD over the miner's deadly dam collapse in January, according to a person familiar with the probe.

In the first charges following the tragedy, police will also formally accuse seven individuals from Vale and six employees from TÜV SÜD, including a director of the certifications group in Germany, the person said, without naming the accused. Police are set to give further details in a news conference Friday morning.

A spokeswoman for Vale said the miner didn't have an immediate comment. A spokesman for TÜV SÜD had no immediate comment.

The charges come almost eight months after Vale's mine-waste dam collapsed in the town of Brumadinho, killing 270 people, the world's most deadly disaster of its kind in more than half a century.

Under Brazilian law, police can only formally accuse suspects, while it is up to prosecutors to file the charges before a judge.

--Alistair MacDonald in London contributed to this article.

Write to Luciana Magalhaes at Luciana.Magalhaes@wsj.com and Samantha Pearson at samantha.pearson@wsj.com

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Financials (USD)
Sales 2019 38 252 M
EBIT 2019 12 610 M
Net income 2019 3 957 M
Debt 2019 6 638 M
Yield 2019 -
P/E ratio 2019 13,3x
P/E ratio 2020 6,22x
EV / Sales2019 1,73x
EV / Sales2020 1,58x
Capitalization 59 662 M
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Technical analysis trends VALE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Average target price 15,16  $
Last Close Price 11,63  $
Spread / Highest target 63,5%
Spread / Average Target 30,3%
Spread / Lowest Target -37,7%
EPS Revisions
Managers
NameTitle
Eduardo Bartolomeo Chief Executive Officer
José Maurício Pereira Coelho Chairman
Luciano Siani Pires Chief Financial Officer
Oscar Augusto de Camargo Filho Director
Dan Antonio Marinho Conrado Director
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