Brazil's Vale takes preventative measures at tailings dam in Minas Gerais state - filing

Jamie McGeever

Updated Wed, Jul 29, 2020, 8:23 AM1 min read

In this article:

By Jamie McGeever

BRASILIA, July 29 (Reuters) - Brazilian miner Vale SA is implementing its protocol for security level 1, in a preventive measure at a tailings dam at its Mutuca mine at Nova Lima, in the state of Minas Gerais, it said in a filing on Wedensday.

Recent inspections have not identified any anomalies that may compromise the dam's safety, but its stability statement will be negative after new technical criteria was adopted, Vale said, adding that there is no need for any evacuations and 2020 production should not be affected. (Reporting by Jamie McGeever, editing by Louise Heavens)

GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates
The reading of first quarter economic growth comes at a crucial time as investors digest the potential impacts of the Fed holding interest rates higher for longer.
Yahoo Finance•23m ago
Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•1d ago
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American Airlines and Southwest Airlines both lost money in the first quarter, and Southwest said Thursday that it will limit hiring and close operations at four airports. Airlines are dealing with higher labor costs and delays in getting new planes from Boeing, which is limiting their ability to add more flights at a time of high demand for travel. American said it lost $312 million as labor costs rose 18%, or nearly $600 million.
Associated Press Finance•2h ago
The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade
This growth ETF has nicely outperformed the S&P 500 since its inception.
Motley Fool•3h ago
Charlie Munger Explained If You Want To Become Rich, Stop Trying To Be 'Intelligent' And Aim For 'Not Stupid' Instead
Charlie Munger, the late vice-chairman of Berkshire Hathaway Inc., was renowned not just for his investment prowess but for his unconventional approach to achieving financial wisdom. In a world where intelligence is often touted as the key to success, Munger proposed a counterintuitive strategy. "It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent," he said. Don't Miss: Can you guess how many A
Benzinga•20h ago
Billionaire Bill Ackman Has His Sights on Only 1 "Magnificent Seven" Stock, and It's Not Nvidia
You'll only find seven different stocks in this billionaire's portfolio, and only one of them is a "big tech" company.
Motley Fool•3h ago
China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•16h ago
One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
Motley Fool•4h ago
3 Absurdly Cheap Stocks to Buy and Hold for Years
These stocks all deserve to be trading at far higher prices, and it may not be too long before they start to rally.
Motley Fool•2h ago
Here's What Was Wrong With Meta's Q1 Earnings Report
The Facebook parent company expects a significant slowdown in its growth rate in Q2.
Motley Fool•1h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Brazil's Vale takes preventative measures at tailings dam in Minas Gerais state - filing

Recommended Stories

GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well

The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade

Charlie Munger Explained If You Want To Become Rich, Stop Trying To Be 'Intelligent' And Aim For 'Not Stupid' Instead

Billionaire Bill Ackman Has His Sights on Only 1 "Magnificent Seven" Stock, and It's Not Nvidia

China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses

One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock

3 Absurdly Cheap Stocks to Buy and Hold for Years

Here's What Was Wrong With Meta's Q1 Earnings Report