28/05/2012 21:54:00

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

Related content
19 May - 
Vale S.A. : Vale and CMES Sign Cooperation Agreement on..
19 May - 
Vale S.A. : Vale concludes the sale of VLOCs to Cosco
30 Apr - 
Vale S.A. : Vale's performance in 1Q15
Related debate
09:12 - 
Mon ikke vinter-OL i Kina vil øge prisen på malm eller ..
31 Jul - 
Absolut en spændende aktie, med et langsigtet potential..
31 Jul - 
du kan sagtens have ret, men jeg er nød til at følge mi..

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
26 Jul
VALE
  Måske ikke helt korrekt aktiemarkering, for det handler ikke om Vale specifikt. Jeg finder, som t..
21
26 Jul
VALE
Jeg er ikke enig, men vi investerer vist også meget forskelligt, så vores forudsætninger er ikke de ..
6
26 Jul
VALE
Så vidt jeg ved så forventer man en vækst på ca. 6% og det er væsentlig mindre end tidligere, men el..
2
29 Jul
VALE
Rio og bhp har en fordel men må være prisset ind i kurserne. Ville umiddelbart tro, at de lave prise..
1
26 Jul
VALE
Olien tror jeg bunder ud i aar, men man skal vaere meget varsom med at koebe virksomheder i oilie, o..
1
26 Jul
VALE
voldsomt interessant vinkel - jeg vil gerne bringe ind, ja hvornår ser vi den store nedtur - mærkeli..
1

Form 8.3 - AXA INVESTMENT MANAGERS S.A.:BG Group Plc

31/07/2015 15:09:34
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - Quintain Estates and Development PLC

31/07/2015 12:53:21
FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% O..

Travis Perkins PLC : Total voting rights

31/07/2015 09:01:25
In conformity with DTR5.6.1R, the Company notifies the market of the following:   As at the date of this announcement, the Company's issued share capital c..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
INVESCO PERPETUAL SELECT TRUST PLC - Annual Financial Report
2
GROUPAMA : 2015 Half-Year Results - Strong improvement in net income
3
Zodiac Aerospace:Update on the situation following the Explosion at the Newport facility
4
FIDELITY EUROPEAN VALUES PLC - Half-yearly Report
5
Mueller Industries, Inc. Announces Appointment of Gregory L. Christopher, as Chairman of the Board and the Appointment of Gary S. Gladstein as Lead Independent Director Effective January 1, 2016

Related stock quotes

Vale S.A. 5.26 1.4% Stock price increasing
Vale S.A. CL 'P' 4.29 0.7% Stock price increasing
Vale 4.90 -4.9% Stock price decreasing
Vale Pref 15.29 2.1% Stock price increasing

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.
 
01 August 2015 08:46:12
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150731.8 - EUROWEB6 - 2015-08-01 09:46:12 - 2015-08-01 08:46:12 - 1000 - Website: OKAY