Vale's Licenses for Jangada Mine and Laranjeiras Dam Canceled -Reuters
February 06 2019 - 4:09PM
Dow Jones News
--Vale SA's (VALE) licenses for Jangada iron ore mine and the
Laranjeiras dam in Brazil have been canceled by the state of Minas
Gerais, Reuters reported Wednesday.
--Vale said it plans to invest about 1.5 Brazilian reais ($405
million) starting in 2020 to reduce its reliance on tailings dams,
Reuters reported.
--In January, a dam owned by Vale burst in Minas Gerais. The
confirmed death toll was 134 as of Monday, with close to 200 people
still missing and presumed dead, according to authorities.
Full story
https://www.reuters.com/article/us-vale-sa-disaster/vale-to-invest-400-million-to-reduce-need-for-tailings-dams-idUSKCN1PV1NU
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 06, 2019 15:54 ET (20:54 GMT)
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