Relatives of victims of Brumadinho press against the appointment of former president of Vale – 03/18/2023 – Panel

Relatives of victims of Brumadinho press against the appointment of former president of Vale – 03/18/2023 – Panel


Relatives of victims of the Brumadinho disaster, which left 270 dead in 2019, sent a letter to the CVM (Securities and Exchange Commission) asking for explanations regarding accusations that Vale gave false information to its shareholders regarding the stability of the dam that collapsed , causing the tragedy.

In April 2022, the Securities and Exchange Commission, which regulates the US stock market, accused the mining company of misleading investors about the safety of its dams between 2016 and 2019.

The letter was sent by Avabrum at the end of January (Association of Relatives of Victims and Those Affected by the Breaking of the Vale Dam in Brumadinho), and the entity says that so far it has not received a response.

The association also activated the company Vibra Energia, by means of an official letter, alerting to the fact that the president of Vale at the time of the accident, Fabio Schvartsman, became a defendant in January, in the process that accuses him of qualified homicide in the case. Schvartsman is currently a member of the company’s Board of Directors.

According to the association, the presence of the executive on the company’s board causes “pain and deep regret”.


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