Summary by Moomoo AI
Vale SA has announced that the Pará State Court has suspended the injunction allowing the operation of its Sossego Mine. This decision follows an earlier suspension of the mine's operating license by the Pará State Environment Secretariat (SEMAS) in February 2024 due to alleged non-compliance with environmental requirements. Vale had successfully appealed for an injunction, which was granted by a lower court, reinstating the mine's license on February 24, 2024. However, the State appealed against this decision, leading to the current suspension by the Pará State Court. Vale has not received formal notification of the court's decision but plans to take appropriate legal actions to reverse the suspension and resume operations, asserting its compliance with environmental obligations and confidence in the Brazilian justice system.