VALE - Vale's Failures Don't Make It Uninvestable
2024-04-15 12:26:26 ET
Summary
- Vale S.A. has made significant safety improvements, removing 90% of tailings and decreasing its injury rate by over 60%.
- The company is expanding its iron ore capacity, with plans to add 50 million tonnes/year by 2026.
- Vale's financial performance has been strong, with increased EBITDA and cash flow, enabling substantial shareholder returns.
Vale S.A. ( VALE ) has had a tailings problem in Brazil, one that has cost it billions of dollars. It started with the Mariana dam disaster in 2020, which killed 19 people. It was followed up by the Brumadinho dam disaster in 2019, which killed 270 people. Litigation is still ongoing, but recently, the company was court-ordered to pay almost $10 billion ....
Vale's Failures Don't Make It Uninvestable