Vale reports on injunctions and imposition of administrative sanctions
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Vale reports on injunctions and imposition of administrative sanctions
The judges on duty during the weekend in Belo Horizonte and Brumadinho granted attachments on Vale's bank accounts on the total value of eleven billion Reais
Vale informs, pursuant to CVM Instruction 358/2002, as subsequently amended, that it was notified of preliminary injunctions granted upon the requests presented by the Public Prosecutors of the State of Minas Gerais and by the State of Minas Gerais, with regards to the rupture of dam 1 of the Córrego do Feijão Mine. The judges on duty during the weekend in Belo Horizonte and Brumadinho granted attachments on Vale's bank accounts on the total value of R$ 11,000,000,000.00 (eleven billion Reais) and determined that the company takes the necessary measures to reassure the stability of the dam VI of the Córrego do Feijão Mine Complex, provide reception and integral assistance to the affected people, among other obligations.
In addition, Vale informs that it was notified of the imposition of administrative sanctions by IBAMA and SUFIS-MG, in the amount of R$ 250,000,000 (two hundred and fifty million Reais) and 27,590,773.62 UFMG (approximately R$ 99,139,167.77), respectively.
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