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Vale SA | 6-K: Vale De-Characterizes B3/B4 Dam

SEC announcement ·  May 13 13:39
Summary by Moomoo AI
Vale SA announced the successful completion of the de-characterization of the B3/B4 dam at the Mar Azul Mine in Nova Lima, Brazil, on May 13, 2024. The B3/B4 dam, which was classified with the highest emergency level in 2019, is now permanently free of any risk to communities and the environment. This marks the 14th dam de-characterized by Vale since the initiation of the Upstream Dam De-characterization Program in 2019. The process involved the removal of 3.3 million cubic meters of tailings using unmanned equipment operated remotely, ensuring worker safety. Vale's Executive Vice President for Projects, Alexandre Pereira, highlighted the innovative operational strategy that was essential for safety. The company will continue with land reconformation, drainage, and revegetation in the remaining area, and remove...Show More
Vale SA announced the successful completion of the de-characterization of the B3/B4 dam at the Mar Azul Mine in Nova Lima, Brazil, on May 13, 2024. The B3/B4 dam, which was classified with the highest emergency level in 2019, is now permanently free of any risk to communities and the environment. This marks the 14th dam de-characterized by Vale since the initiation of the Upstream Dam De-characterization Program in 2019. The process involved the removal of 3.3 million cubic meters of tailings using unmanned equipment operated remotely, ensuring worker safety. Vale's Executive Vice President for Projects, Alexandre Pereira, highlighted the innovative operational strategy that was essential for safety. The company will continue with land reconformation, drainage, and revegetation in the remaining area, and remove the backup dam built as a safety measure. Vale's CEO, Eduardo Bartolomeo, stated that 46% of the Decharacterization Program is complete, with US$1.7 billion disbursed, and expects to reach around 70% completion by the end of 2026. The company emphasizes its commitment to safety and transparency, with continuous independent audits and monitoring by authorities. The press release also includes a caution about forward-looking statements and potential risks and uncertainties.

This announcement is a separate document:

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