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. ... →
Polish news website NaTemat.pl conducted an extensive interview with Daniel Ribeiro. Daniel explains in an interview how the multinational corporations use weakness of the developing countries. Moreover Daniel speaks about ineffective voluntary practices in the area of human rights and what impact financial institutions have on developing countries.
The 380 Families, who are living next to Vale´s iron foundry in Piquià de Baixo in the North-Brazilian state of Maranhão, are more and more often forced to resettle to other places. Indeed, over the past 25 years, five factories have been erected next to the village.Their pollution und environmental damages leave the inhabitants with no option but to abandon their homes. ... →
In Brazil, the fertilizer company Vale Fertilizantes is consistently ignoring worker´s demands concerning substantial corporate proposals and remains reluctant to include unions in the preparatory negotiations. Vale´s attitude is called into question by workers and unions. According to Sharan Burrow, General-Secretary of the International Trade Union Confederation (ITUC), this is “totally unacceptable“. ... →
The Brasilian group Vale S.A. heads a multi-billion potassium mine project in Rio Colorado, Argentina, which is planed to start production in 2014. It was notably supported by the Economic Federation of Mendoza (FEM), which is led by the Mendoza Chamber of Mining Entrepreneurs (CARMEN). According to them, such a project will have a positive impact for the region owing to a three-points agreement concluded between Vale and the local authorities of the province of Mendoza. ... →