Vale Says Minas Gerais Water Overflows Contained, Dams Unaffected

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2026.01.26 19:47
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Vale S.A. announced that water overflows in Minas Gerais were contained without injuries or impacts to nearby communities. The company confirmed that the incidents were unrelated to its dams, which remain stable and continuously monitored. Vale conducts regular inspections and is investigating the causes of the overflows to improve its rainfall management plans. Analysts rate VALE stock as a Hold with a price target of $16.50, while AI Analyst Spark rates it as Outperform due to attractive valuation and strong earnings, despite modest revenue growth.