Iron ore miner Vale SA's chief financial officer and its former chief execu...
BRASILIA/SAO PAULO - Iron ore miner Vale SA’s chief financial officer and its former chief executive should be indicted for murder, a Brazilian Senate committee probing a deadly dam collapse recommended on Tuesday.
The 400-page report recommended that a total of 15 individuals, including the two executives, be indicted for murder, wrongful bodily injury, environmental damages and pollution. Vale, a formerly state-owned Brazilian “national champion” which is a leading exporter and employer, said it “respectfully disagrees” with the indictment recommendations.
Vale shares, which early in the session touched their highest since before the Brumadinho disaster, closed down 4.2%. Brazil must take action to ensure that “never again” will such a disaster occur, it said, recommending three laws that would require congressional approval. The investment banking unit of Brazil’s Bradesco said such a tax is unlikely to be implemented given that comparable taxes in Australia and Mexico are up to 7.5%. But the bank said the rate is likely to rise for Brazilian miners from the current 3.5%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Brazil Senate inquiry into Vale dam accident recommends 14 indictmentsA Brazilian Senate inquiry into the collapse of a Vale dam that killed nearly 25...
Leer más »
After explosions, Brazil power transmission companies remove GE equipmentAfter an unusual number of explosions, several Brazilian power transmission comp...
Leer más »
Fans can help Brazil at home of 7-1 embarrassment, says coachBrazilian fans will be vital to lifting the team when they return to the site of...
Leer más »
6 Times Pabllo Vittar Stunned Fans in Music Video Performances: WatchSinger and drag superstar Pabllo Vittar is slowly taking over the world. The 24-year-old drag queen has become a household name in her home country of Brazil and has found mainstream recognition by collaborating with all-star names like Diplo, Charli XCX and many more.
Leer más »
Brazil Senate inquiry into Vale dam accident recommends 14 indictmentsA Brazilian Senate inquiry into the collapse of a Vale dam that killed nearly 25...
Leer más »
Fans can help Brazil at home of 7-1 embarrassment, says coachBrazilian fans will be vital to lifting the team when they return to the site of...
Leer más »