28/05/2012 21:54:00

Brazil Public Ministry Seeks Halt At Vale's Onca Puma Nickel Mine

Related content
23 Mar - 
Vale S.A. : Vale transfers its equity interest in the G..
23 Mar - 
Vale S.A. : Vale proposes payment of dividend to shareh..
23 Mar - 
Vale S.A. :Vale files Form 20-F report for the fiscal y..
Related debate
28 Mar - 
Tak :-)
27 Mar - 
Det passer vist ikke. Mener de forventer når produktion..
27 Mar - 
Ok, tak for info til begge to , køber de første 1000 st..

RIO DE JANEIRO -(Dow Jones)- Brazil's federal public ministry in Para state has filed legal action demanding that operations be halted at Onca Puma, a nickel mine in the northern Brazilian state owned and operated by Vale SA (VALE, VALE5.BR).

The public ministry has filed legal action against Vale, the Para state environmental secretariat and Brazil's national indian institute Funai, calling for suspension of Onca Puma's activities until the local indian communities have been fully compensated for damage caused by the undertaking, the ministry said in a statement Monday.

The ministry is demanding that Vale should pay compensation of at least 1 million Brazilian reais ($505,000) per month to compensate each community affected by the mine's activities over the last two years, it said. The area is inhabited by Xikrin and Kayapo indians.

Vale had no immediate comment Monday.

-By Diana Kinch, Dow Jones Newswires; 55 21 7564 4495; Diana.Kinch@dowjones.com

(END) Dow Jones Newswires

May 28, 2012 16:54 ET (20:54 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..


EuroInvestor: In Focus


EuroInvestor: In Focus

Most read news

  • 24 hours
  • 48 hours
  • 1 week
Magnetar Financial (UK) LLP - Form 8.3 - Rexam Plc
Publicis Groupe: Q1 2015 Revenue
Altice : Acquisition of PT Portugal - European Commission
Thomson Reuters Launches Checkpoint Learning Health Care Reform Certificate Program for Tax and Accounting Professionals
Clinical data of Medigene's dendritic cell (DC) vaccines presented at AACR conference

Related stock quotes

Vale S.A. 5.87 0.0% Stock price unchanged
Vale S.A. CL 'P' 4.95 0.0% Stock price unchanged
Vale Pref 15.29 2.1% Stock price increasing
Vale 5.57 0.0% Stock price unchanged

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
21 April 2015 14:08:13
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150414.1 - EUROWEB5 - 2015-04-21 15:08:13 - 2015-04-21 14:08:13 - 1000 - Website: OKAY