Close 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


Vale informs on deliberations by the Board of Directors following the breach of Dam I of the Córrego do Feijão mine

Vale informs that in consequence of the breach of Dam I of the Córrego do Feijão mine in Brumadinho (MG, Brazil), its Board of Directors, in an extraordinary meeting on 01/27/2019, approved the following governance measures:

Based on Art. 15, §1 of the Company By-laws, it established two Extraordinary Independent Consulting Committees ("CIAE") to support the Board of Directors, coordinated and composed by a majority of external, independent members, with unblemished reputation and experience on the matters to be addressed by the committee, to be appointed by the Board of Directors.

The first Independent Committee will be dedicated to follow-up on the measures taken to support the victims and the recovery of the areas affected by the breach of the dam, assuring that all necessary resources will be applied - "CIAE for Support and Recovery"

The second Independent Committee will be dedicated to investigating the causes and responsibilities for the dam breach - "CIAE for Investigation"

Additionally, it deliberated the following changes on the remuneration and incentives schemes:

The suspension of the Shareholder Remuneration Policy, and therefore the non-payment of dividends and interest on capital, as well as any other deliberation on shares buyback.

The suspension of the variable remuneration payment for executives.

The Board of Directors remains in readiness and following the developments of the events related to the dam breach and it will take necessary additional measures

Content with Press topics Dams .

Lupa de pesquisa

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


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.