Figure 2.
The timeline has the title Investors’ pushback on Vale and a lower heading, Vale and G V C chain disruption. The horizontal year line runs from 2019 to 2025 and ends with the label Year. Under 2019, Vale’s immediate operational shutdowns in Brumadinho, licence revocation, and court-ordered suspension are listed. Q 1 Vale share prices dropped by 24 per cent, and dividend payments and share buybacks were suspended. The Brumadinho tragedy, January 2019, is marked. Swedish A P I pension fund divested from Vale. Credit rating was downgraded by H S B C and Jefferies. Q 2 iron ore production decreased by 33.8 per cent. Quarterly sales decreased by 15.5 per cent. Vale agreed to emergency payments for the Pataxó. Vale’s de-characterising of upstream tailings dams began. In 2020, Vale paid over 22 million dollars in emergency aid. Vale’s reparation programme continued alongside its de-characterisation of upstream tailing dams. In 2021, 100 plus investors, led by the Church of England’s pension fund, pressed 727 mining firms on tailing dam safety and transparency. Vale announced plans to decommission all 10 remaining Brumadinho-type tailing dams. In 2022, the U S S E C sued Vale for false dam safety audits and misleading stakeholders. Vale stated it would continue engaging with organisations to advance E S G initiatives. In 2023, Vale S slash A agreed to pay a 55.9 million dollar agreement. In 2024, the Investor Mining and Tailing Safety Initiative continued to press for systemic changes among stakeholders. Vale reported 72 per cent completion of the comprehensive reparation agreement.Timeline of events: investor pressure on Vale and the disaster impact on the GVC
Source: Author’s own work compiled from secondary sources