Vale S.A.: Vale involved in controversial dam project Belo Monte

Environmental damages in Brazil

The Belo Monte dam in the Amazonian Rainforest is a very controversial project. Nevertheless, it is supported by many investors, including Vale. The company will put $ 1,4 billion into the construction in order to have a stake in the consortium building the dam.

Initially planned for 2015, Belo Monte will be the third largest hydroelectric dam in the world.   ... →