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Brazilian mining company holds due to fatal disaster bonuses to executives in

The Brazilian mijnbouwconcern Vale suspends bonuses for its executives, the payment of dividends to its shareholders. This is done by the company after the devastating dambreuk in his ijzerertsmijn in the Brazilian town of Brumadinho, in the eastern state of Minas Gerais.

Vale decided at a special board of directors also for two crisiscomités. One must be responsible for the help to the victims, while the other is a need for research in to the causes of the disaster Friday. It fell according to the latest balance sheet all 58 deaths. More than 300 people are still missing.

 

The share price of Vale fell Friday, with 8 percent on the New York stock exchange. Also Monday, the share to no avail. At rang the opening bell price declined by a fifth.

After the dambreuk had the Brazilian court even though the freezing of an amount of 11 billion real (2,56 billion euros) for costs and damages ordered. The local authorities have also been fines for a total of 300 million reais (70 million euro) were imposed. According to the financial newspaper Valor is now almost half of the assets of Vale blocked.

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