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Dow Jones: Vale Faces Investigation Of Amazon Copper Mines: Prosecutor - Reuters

Dow Jones: Vale Faces Investigation Of Amazon Copper Mines: Prosecutor - Reuters

Dow Jones: Vale Faces Investigation Of Amazon Copper Mines: Prosecutor - Reuters

Staff Reporters
Dow Jones MetalSource Non-Ferrous Metals

Brazil's mining company, Vale S.A. (VALE) faces an investigation of two Amazon copper mines, Salobo and Sossego, after allegations that it improperly used Indian lands and failed to replace forest cut to build a power line, the Reuters news agency reported on its website Wednesday, citing Brazilian prosecutor Andre Casagrande Raupp of the Federal Prosecutors Office.  

Vale said in an email that it was not informed of the details of the prosecutor's investigations but said its copper mining projects were at least 50 kilometers from the Catete and Djudjeko Indian settlements and outside of the Xikrin reservation in which they reside, the report said.
Vale's spokeswoman said the company is waiting for formal notification from the prosecutor's office and is ready to provide clarification if needed, the report said.
No charges have been filed in the Salobo or Sossego investigations, the report said.

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Saturday, June 2, 2012