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Vale comments
Final decision in administrative process:
The company notes that the Administrative Accountability Process was initiated by the CGU based on Law 12,846 of 2013, and the federal oversight body concluded (despite recognizing the absence of acts of corruption) that Vale S.A violated Article 5, item V of Law 12,846 of 2013, as it failed to submit reliable information to the National Mining Agency (ANM) system in relation to Dam I in Brumadinho, Minas Gerais, and because it issued a positive Declaration of Stability Condition (DCE) for this structure, from June to September 2018. In the CGU's opinion, this DCE ought to have been negative, and so this constituted an act harmful to the public administration, by hindering the mining authority’s oversight.
For this reason, Vale S.A was ordered to pay a fine of R$86,282,265.68 (eighty-six million, two hundred and eighty-two thousand, two hundred and sixty-five reais and sixty-eight centavos), corresponding to the application of the minimum rate provided for by law of 0.1% of gross revenue for the base year 2019 (calculated to be R$86,282,265,678.09), under the terms of Article 6, item I of Law 12,846 of 2013. The CGU also explicitly acknowledged that Vale S.A's senior management was not involved in and did not tolerate the facts identified in the Administrative Accountability Process.
The CGU also ordered the extraordinary publication of its decision,pursuant to Article 6 item II, §5º.of Law 12,846 of 2013.
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We build the future today, together
Here are some initiatives that make us live our purpose now and design the new paths we believe in.
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Culture
Developing talents and audiences, sponsoring and promoting culture, with all its diversity, are part of the change we want in the world. Get to know our cultural initiatives and spaces.
Know moreCulture
Developing talents and audiences, sponsoring and promoting culture, with all its diversity, are part of the change we want in the world. Get to know our cultural initiatives and spaces.
Know moreSustainability
We preserve forests, seek to reduce our carbon emissions, and care for people. Sustainable mining is present in every detail of our business.
Know moreSustainability
We preserve forests, seek to reduce our carbon emissions, and care for people. Sustainable mining is present in every detail of our business.
Know moreInnovation
We use robots, drones and autonomous vehicles to make our production safer, and invest in electrification, scientific research and other technologies to reduce our impact.
Know moreInnovation
We use robots, drones and autonomous vehicles to make our production safer, and invest in electrification, scientific research and other technologies to reduce our impact.
Know morePeople First
Photographer: Dario Zalis
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Vale
Initiatives
You are accessing the experience:
© Vale | All rights reserved.