28/05/2012 21:54:00

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

Related content
05 Dec - 
Vale S.A. : Vale on Mozambique coal transaction
02 Dec - 
Vale S.A. : VALE: CAPITAL EXPENDITURE BUDGET FOR 2015
17 Nov - 
Vale S.A. : Vale announces new Executive Directors for ..
Related debate
05 Nov - 
A strong amenable haul Cheap Canada Goose Hybridge Lite..
05 Nov - 
Rio de Janeiro, September 26, 2014 - Vale S.A. (Vale) a..
05 Nov - 
At this moment, while, duffel Cheap Men Chestnut Boot b..

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. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Neste Oil to revise its full-year 2014 guidance
2
Acquisition of U.S. watering brands Gilmour and Nelson has been completed
3
NASDAQ Nordic Equity & Index Derivatives Markets
4
NASDAQ Nordic Equity & Index Derivatives Markets

Related stock quotes

Vale S.A. 8.14 7.0% Stock price increasing
Vale S.A. CL 'P' 7.10 6.9% Stock price increasing
Vale 6.50 6.6% Stock price increasing
Vale Pref 15.29 2.1% Stock price increasing

Copyright Euroinvestor A/S 2014   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 December 2014 04:41:28
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141211.1 - EUROWEB7 - 2014-12-21 05:41:28 - 2014-12-21 04:41:28 - 1000 - Website: OKAY