ArcelorMittal Brazil agrees on commitment term for Itatiaiuçu dam

Monday, 24 February 2020 00:05:36 (GMT+3)   |   Sao Paulo

ArcelorMittal Brazil, the local subsidiary of ArcelorMittal, has agreed on a revised commitment term (TAP), following the evacuation of communities near the company’s Serra Azul dam, located in city of Itatiaiuçu in Minas Gerais state.

ArcelorMittal Brazil along with prosecutors at the state and federal level agreed to compensate families, while also assuring the dam’s stability to avoid a collapse.

Prosecutors said ArcelorMittal Brazil agreed to provide local mining regulator, ANM, and Minas Gerais state environmental regulators an action plan for guaranteeing the dam is stable and safe. ArcelorMittal Brazil also agreed to decommission the dam.

The steelmaker will also hire an independent, external audit company to oversee dam studies and measure to reinforce the structure. The dam should also be inspected on a daily basis, the revised TAC document said.

ArcelorMittal Brazil also has an iron ore mine called Serra Azul, which produces 1.2 million mt/year of iron ore lumps and fines.

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