Vale CFO says miner's top managers were unaware of dam risk report


  • World
  • Wednesday, 13 Feb 2019

Luciano Siani, Chief Financial Officer of Brazilian miner Vale, speaks during a press conference in Rio de Janeiro, Brazil February 12, 2019. REUTERS/Pilar Olivares

RIO DE JANEIRO (Reuters) - Senior management at Brazilian miner Vale were never shown internal security documents indicating that its dam at Brumadinho was at risk of collapse, the company's chief financial officer said on Tuesday.

The CFO, Luciano Siani, was asked about management's knowledge of the internal documents at a news conference a day after Reuters reported on them. The documents, dated Oct. 3, 2018, classified the dam at Brumadinho as being two times more likely to fail than the maximum level of risk tolerated under internal guidelines. The dam collapsed in late January in one of the deadliest mining disasters in decades.

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