VALE Vale
Re: VALE Vale
https://www.investing.com/news/stock-ma ... st-1796175
RIO DE JANEIRO (Reuters) - Brazilian iron ore miner Vale SA Chief Executive Fabio Schvartsman and several other senior executives resigned on Saturday in what the company described as a temporary move, after one of its mining dams burst in January, killing hundreds.
Vale said Schvartsman offered his resignation, which the board "immediately accepted" after state and federal prosecutors recommended their removal late on Friday.
The move comes slightly over a month after a tailings dam broke at Vale's Corrego do Feijao mine in the interior Brazilian state of Minas Gerais, likely killing over 300 people and releasing massive amounts of toxic sludge.
It was the second deadly burst at a Vale-linked tailings dam in Minas Gerais in four years.
The resignations came after documents emerged in recent weeks showing that Vale knew it had an elevated risk of rupture and that inspectors felt they were under pressure to certify the structure as safe.
Earlier this week, newspaper Folha de S.Paulo reported that a Vale manager had told executives the integrity of the structure had worsened, though the company vigorously denied the report.
The company said it had appointed Eduardo Bartolomeo, executive director of base metals, as the new head of the firm.
Also resigning were Vale's head of ferrous minerals and coal, Peter Poppinga, planning director Lucio Flavio Gallon Cavalli and Silmar Magalhaes Silva, the head of a geographic division at Vale.
Vale said its board met on Friday night and Saturday morning following the prosecutors' recommendation.
In a letter sent to the board by Schvartsman and published by newspaper Folha de S.Paulo, in which he asked to be removed from the position of CEO on a "temporary" basis, the executive vigorously defended his conduct.
"I am absolutely convinced that the way I have acted personally, as well as the rest of our executive board ... has been absolutely appropriate, correct, and, mainly, loyal to our non-negotiable values of upholding operational security as a company," the letter read, according to Folha.
Vale did not immediately respond to a request for comment.
Bartolomeo, the incoming chief executive, was previously the executive director of marketing and of fertilizer and coal operations, according to Vale's website. He has also served on Vale's board of directors as well as its compliance and risk committee and financial committee.
According to his LinkedIn (NYSE:LNKD) profile, he worked as executive director at Vale for 8 years until 2012, after which he worked as CEO of Brazil Hospitality Group then as CEO of Nova Transportadora do Sudeste, a gas pipeline company. He rejoined Vale in January of 2018.
He holds MBAs from the Massachusetts Institute of Technology and Katholieke Universiteit in Belgium, the website says.
The executives' departure was made public on Saturday evening during Brazil's Carnival (NYSE:CCL) holiday weekend. The country's main stock exchange will be closed on Monday and Tuesday although Vale's ADRs will reopen in New York on Monday.
RIO DE JANEIRO (Reuters) - Brazilian iron ore miner Vale SA Chief Executive Fabio Schvartsman and several other senior executives resigned on Saturday in what the company described as a temporary move, after one of its mining dams burst in January, killing hundreds.
Vale said Schvartsman offered his resignation, which the board "immediately accepted" after state and federal prosecutors recommended their removal late on Friday.
The move comes slightly over a month after a tailings dam broke at Vale's Corrego do Feijao mine in the interior Brazilian state of Minas Gerais, likely killing over 300 people and releasing massive amounts of toxic sludge.
It was the second deadly burst at a Vale-linked tailings dam in Minas Gerais in four years.
The resignations came after documents emerged in recent weeks showing that Vale knew it had an elevated risk of rupture and that inspectors felt they were under pressure to certify the structure as safe.
Earlier this week, newspaper Folha de S.Paulo reported that a Vale manager had told executives the integrity of the structure had worsened, though the company vigorously denied the report.
The company said it had appointed Eduardo Bartolomeo, executive director of base metals, as the new head of the firm.
Also resigning were Vale's head of ferrous minerals and coal, Peter Poppinga, planning director Lucio Flavio Gallon Cavalli and Silmar Magalhaes Silva, the head of a geographic division at Vale.
Vale said its board met on Friday night and Saturday morning following the prosecutors' recommendation.
In a letter sent to the board by Schvartsman and published by newspaper Folha de S.Paulo, in which he asked to be removed from the position of CEO on a "temporary" basis, the executive vigorously defended his conduct.
"I am absolutely convinced that the way I have acted personally, as well as the rest of our executive board ... has been absolutely appropriate, correct, and, mainly, loyal to our non-negotiable values of upholding operational security as a company," the letter read, according to Folha.
Vale did not immediately respond to a request for comment.
Bartolomeo, the incoming chief executive, was previously the executive director of marketing and of fertilizer and coal operations, according to Vale's website. He has also served on Vale's board of directors as well as its compliance and risk committee and financial committee.
According to his LinkedIn (NYSE:LNKD) profile, he worked as executive director at Vale for 8 years until 2012, after which he worked as CEO of Brazil Hospitality Group then as CEO of Nova Transportadora do Sudeste, a gas pipeline company. He rejoined Vale in January of 2018.
He holds MBAs from the Massachusetts Institute of Technology and Katholieke Universiteit in Belgium, the website says.
The executives' departure was made public on Saturday evening during Brazil's Carnival (NYSE:CCL) holiday weekend. The country's main stock exchange will be closed on Monday and Tuesday although Vale's ADRs will reopen in New York on Monday.
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hipotecado
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hipotecado
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Re: VALE Vale
*VALE CEO ASKS FOR TEMPORARY LEAVE, BARTOLOMEO TO BE INTERIM CEO
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hipotecado
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garralaucha2
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Re: VALE Vale
hipotecado escribió:Mal olor en los mervados
Vale refugio de valor el resto vendi todas la semana que viene hay tole tole y no me voy a quedar comprado con 2 feriados
REFUGIO DE VALOR????
AJAJAJAJA
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CIRUZZO EL MILLONARIO
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Re: VALE Vale
hipotecado escribió:Mal olor en los mervados
Vale refugio de valor el resto vendi todas la semana que viene hay tole tole y no me voy a quedar comprado con 2 feriados
aca te agarre ....con razon pululas x los distintos topics tirando mierd.a...muy poco serio lo tuyo, no esta bueno venderse y salir a hablar nabeces.
Re: VALE Vale
4,37% arriba el IO 62% en China, casi 645 CNY.
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hipotecado
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Re: VALE Vale
Mal olor en los mervados
Vale refugio de valor el resto vendi todas la semana que viene hay tole tole y no me voy a quedar comprado con 2 feriados
Vale refugio de valor el resto vendi todas la semana que viene hay tole tole y no me voy a quedar comprado con 2 feriados
Re: VALE Vale
hipotecado escribió:Si esa es la multa es un juego de niños para VALE
Si leo bien que son 25 mil millones de reales, son casi siete mil millones de dólares, lo cual no es juego de niños para nadie, lo que si, mi portugués es lamentable y no conozco los medios, quizá sean tendenciosos por razones políticas y no pase naranja...
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hipotecado
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Re: VALE Vale
jobim escribió:https://www.valor.com.br/empresas/61440 ... 6OPMv7LgAM
Si esa es la multa es un juego de niños para VALE
Re: VALE Vale
novatoo escribió:Según las noticias sube o baja la cotización, se va a convierte en una acción histérica.
Algunos se aprovecharan para hacer diferencia, hay que agarrarle la mano, medio difícil por ahora.
Aun estando posicionado a la baja, no se que onda esa noticia, no conozco si esos medios son veraces o no, en TD no figura nada, y si eso fuera verdad estaría un 10% abajo de mínima...
Re: VALE Vale
Según las noticias sube o baja la cotización, se va a convierte en una acción histérica.
Algunos se aprovecharan para hacer diferencia, hay que agarrarle la mano, medio difícil por ahora.
Algunos se aprovecharan para hacer diferencia, hay que agarrarle la mano, medio difícil por ahora.
Re: VALE Vale
lagasale escribió:El precio volvió a la zona donde ya obtuvimos algunos shorts ganadores, por lo que debo volver por esta plaza... por las dudas
Vamos a estar mirando como evoluciona el precio en esta zona, si se debilita #SHORT !
http://www.accioneshoy.com/tendremos-op ... -vale-hoy/
Short abierto en 12,22. TP en 11,8. SL: cierre por arriba de 12,61.
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