OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

There’s an ouch

Posted by ipso facto @ 10:35 on November 19, 2018  

Vale told to pay $26.8m in damages to indigenous tribes

A Brazilian court has ordered Vale (NYSE:VALE) to pay two indigenous tribes $26.8 million over river contamination and public health-related issues caused by the company’s nickel-extracting operations in the northern state of Pará.

The judge also instructed Vale to halt operations at Onça Puma nickel mine until it meets certain environmental requirements and the company compensates the Xikrin and Kayapo tribes.

Vale said in a statement quoted by Fórum that it would appeal the decision as “experts’ reports show that the venture has not caused any harm to the Catete river and the indigenous communities.”

The company added that the court decision did not bring anything new to “a case that is still ongoing.”

Vale told to pay $26.8m in damages to indigenous tribes

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.