Vale SA, the
world's largest iron ore miner, on Tuesday vowed to take as much as 10 percent
of its ore output offline in order to decommission 19 dams like the one that
burst last week, killing scores of workers and nearby residents.
Chief
Executive Fabio Schvartsman said Vale would halt operations using those dams
and spend 5 billion reais ($1.3 billion) to decommission them over the next
three years. At the peak of that process, the impact on Vale's production will
be 40 million tonnes of iron ore and 11 million tonnes of iron pellets per
year, he said.
Source:
mining.com