Vale CEO resigns amid ongoing dam collapse investigations

Vale CEO resigns amid ongoing dam collapse investigations

Brazilian mining giant Vale has announced that the company has accepted the temporary resignation of its CEO Fábio Schvartsman and three other executives as investigations over the tragic dam collapse in January get underway. More than 300 people are thought to have died from the deadly dam accident.

Prosecutors have advised Vale to dismiss a number of Vale staff at various corporate levels of the huge mining conglomerate.

Vale has appointed Eduardo de Salles Bartolomeo, currently executive director of base metals, as interim CEO.

Last month, Vale temporarily shut down its Malaysia distribution center after a major fire occurred at the site, and the company’s terminal at the Tubarao complex in Espirito Santo was also closed by authorities due to pollution.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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