Currently viewing Global edition

Vale's Schvartsman: the boy crying wolf?

The promise of Vale’s (NYSE:VALE) CEO Fabio Schvartsman to create a working group to raise the safety standards of the company’s tailings storage facilities (TSF) smacks of being too little too late, given the opportunity the company had to do so three years ago following a similar failure.

Vale's Schvartsman: the boy crying wolf? Vale's Schvartsman: the boy crying wolf? Vale's Schvartsman: the boy crying wolf? Vale's Schvartsman: the boy crying wolf? Vale's Schvartsman: the boy crying wolf?

Vale CEO Fabio Schvartsman

With at least 58 dead and 300 missing at its Corrego do Feijao mine in Minas Gerais, Brazil, including hundreds of Vale workers eating in a company canteen directly in the path of the torrent of