Close

Vale employee smiling in green landscape. She is wearing a green Vale
uniform, goggles, helmet and ear plugs. Visual wave artifact Vale
Imagem de header interno Imagem de header interno
4/9/19

Dams, Reparation

Vale on arbitration award related to Simandou

Heading Example

Vale announces that, on April 5, 2019, it received an award from an arbitral tribunal in London in the amount of US$1.246 billion plus costs and interest against BSG Resources Limited (BSGR), for fraud and breaches of warranty by BSGR in inducing Vale to enter into a joint venture to develop a concession for mining iron ore in the Simandou region of the Republic of Guinea.

In 2014, the Republic of Guinea revoked that concession after a finding that BSGR had obtained it through bribery of Guinean government officials, while finding that Vale did not participate in any way in that bribery.

Vale intends to pursue collection of this award by all legally available means, but there can be no assurance as to the timing and amount of any collections.

 

Media Relations Office - Vale
imprensa@vale.com

Content with Press topics Reparation .

Lupa de pesquisa

Did not find what you were looking for? Access our Search Center 

Reparation

Our commitment to repairing the communities and people impacted by the B1 dam failure is constant. See the social, environmental and safety actions taken by Vale. 
Imagem placeholder Imagem placeholder Foto:
Onda