VALE.N Vale S.A. ADS

EMPLOYEES CONTINUE TO EXIT VALE’S TOTTEN MINE

EMPLOYEES CONTINUE TO EXIT VALE’S TOTTEN MINE

Sudbury, Ontario, Sept. 28, 2021 (GLOBE NEWSWIRE) -- For Immediate Release

 

SUDBURY, September 28, 2021 – Vale informs that the return of employees to surface at the Company’s Totten Mine in Sudbury, Ontario continues this morning following the successful ascent of several individuals overnight.

 

On Sunday, 39 employees were unable to exit the mine due to damage in the shaft that houses the conveyance used to transport employees between surface and underground. While conditions in the shaft were evaluated, employees reported to underground refuge stations as part of the company’s standard procedures.

 

Sunday evening, employees started making their way to surface via a secondary egress ladderway system. Nineteen employees returned to surface early this morning and the remainder are on their way.

 

“We thank the impacted employees for their patience and perseverance and the mine rescue teams for their tireless dedication and support,” said Gord Gilpin, Head of Mining Operations for Vale’s Ontario Operations. “This has been an incredible team effort.”

 

The remaining employees are expected to be on surface later this morning. The employees that have returned to surface are in good health and eager to return home.

 

The employees’ exit is being supported by Vale’s mine rescue team and Ontario Mine Rescue.

- 30 -



Danica Pagnutti
Vale
705-682-7165
 
EN
28/09/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Vale S.A. ADS

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Chris Thompson
  • Chris Thompson

Manganese Supply Deficit Looms as Demand from Alloys and EV Batteries ...

Manganese (Mn) is an essential metal with numerous applications across various industries, particularly in the production of steel and stainless steel, and its growing use in electric vehicle (EV) battery technology. Nearly 90% of manganese produced globally is used in the steel industry. Manganese alloys impart properties like hardness and strength in products ranging from automotive steel sheets to construction materials. Manganese also finds chemical applications in fertilizers, batteries, a...

Brian Szeto ... (+2)
  • Brian Szeto
  • Sean Sexton

DBRS Morningstar Notes Vale S.A.’s Strategic Partnership for its Energ...

Please refer to PDF document for more detail about our research: DBRS Morningstar Notes Vale S.A.’s Strategic Partnership for its Energy Transition Metals Business; Vale S.A.’s Ratings Maintained at BBB (low)

Brian Szeto ... (+2)
  • Brian Szeto
  • Sean Sexton

Vale S.A.: Rating Report

On June 26, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Debt rating of Vale S.A. (Vale) at BBB (low). DBRS Morningstar also confirmed the Senior Unsecured Debt rating of Vale Overseas Limited and All Series of Debentures & Notes for Vale Canada Limited at BBB (low). All trends are Stable.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch