Summary by Moomoo AI
Vale SA has updated stakeholders on the status of the Forquilha III dam following an anomaly detected at the structure. The company held a joint technical session on April 8 and 9, 2024, with various Brazilian authorities and the Engineer of Record to discuss the sediment accumulation at the outlet of one of the dam's spillways. Despite the anomaly, monitoring instruments indicate the dam's condition remains stable. Vale has proposed an action plan to address the issue and is committed to informing authorities of the progress. The Forquilha III dam, which had a level 3 emergency protocol activated in 2019, is part of Vale's Upstream Dam De-Characterization Program. A containment structure has been in place since 2021 to hold the dam's tailings, and the self-rescue zone remains evacuated. Vale continues efforts to reduce the emergency level of the structure and prioritizes safety and transparency in its operations.