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    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
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Delayed Bolsa de Valores de Sao Paulo  -  05/20 01:21:32 pm EDT
80.77 BRL   +1.15%
05:13aFitch Downgrades Hidrovias' IDRs to 'BB-'; Outlook Stable
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05/18The SEC's Climate And ESG Task Force Charges Vale S.A. With Securities Fraud
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Brazil prosecutors order Vale to shore up 18 mining dams after heavy rains

01/19/2022 | 04:10pm EDT

RIO DE JANEIRO, Jan 19 (Reuters) - Brazilian prosecutors in the state of Minas Gerais said on Wednesday that 18 tailings dams at mines run by Vale require some work to guarantee their safety following heavy rains in recent months.

In a statement, state prosecutors said an analysis of 31 dams had revealed the need for the preventative measures, although they stressed there was no direct damage to the highest risk structures.

"Based on the data provided, 18 dams were found to present issues that must be resolved to avoid problems with the functioning of the structures," prosecutors said, adding that all the 18 dams were run by Vale.

Prosecutors said Vale would have 10 days to present a report informing what action it would take.

Vale, in response to a request for comment, said it was conducting detailed evaluations of its dams to make necessary improvements, particularly looking at the issue of access which had been impacted by the rains. (Reporting by Marta Nogueira, writing by Stephen Eisenhammer; Editing by David Gregorio)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.44% 5.152 Delayed Quote.-17.66%
GOLD -0.03% 1841.48 Delayed Quote.-0.72%
ON SEMICONDUCTOR CORPORATION -3.82% 53.93 Delayed Quote.-17.45%
S&P GSCI GOLD INDEX -0.06% 1075.22 Real-time Quote.-0.34%
SILVER -0.99% 21.6698 Delayed Quote.-8.42%
VALE S.A. 1.24% 80.77 Delayed Quote.-0.23%
All news about VALE S.A.
05:13aFitch Downgrades Hidrovias' IDRs to 'BB-'; Outlook Stable
AQ
05/18Vale, BHP's Samarco Joint Venture Receives Alternative Restructuring Plan From Bondhold..
MT
05/18The SEC's Climate And ESG Task Force Charges Vale S.A. With Securities Fraud
AQ
05/17VALE S A : Tolerating discrimination is not part of Vale
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05/17Ten percent of workers at Indian-owned Mozambique coal mine are on strike
RE
05/17VALE S A : receives third-party assurance for additional low-carbon nickel products
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05/13VALE S A : Tolerating discrimination is not part of Vale
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05/12VALE S A : BHP e Rio Tinto back eight winning ideas in global Charge On Innovation Challen..
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05/12SEC Enforcement Division's ESG Task Force "Lifts The Vale" On Its Scrutiny Of ESG Discl..
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05/09VALE S A : Transcript Conference Call
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Analyst Recommendations on VALE S.A.
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Financials (USD)
Sales 2022 52 534 M - -
Net income 2022 19 124 M - -
Net Debt 2022 3 198 M - -
P/E ratio 2022 3,40x
Yield 2022 11,5%
Capitalization 74 095 M 75 077 M -
EV / Sales 2022 1,47x
EV / Sales 2023 1,54x
Nbr of Employees 74 316
Free-Float 89,1%
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Technical analysis trends VALE S.A.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 9
Last Close Price 15,63 $
Average target price 22,57 $
Spread / Average Target 44,4%
EPS Revisions
Managers and Directors
Eduardo De Salles Bartolomeo Chief Executive Officer
Gustavo Pimenta Executive VP-Finance & Investor Relations
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Independent Director
Marcelo Gasparino da Silva Independent Director
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