New Caledonian Government Takes Action Against Vale

Reuters reported that the southern provincial government of New Caledonia is starting legal proceedings against Vale SA (NYSE:VALE) following an effluent spill containing some acid at the company’s Goro nickel processing plant.

As quoted in the market news:

The southern province of New Caledonia was starting legal proceedings under its environmental code after the spill had killed about 1,000 fish, and swimming and fishing had been suspended in the area, it said in a statement.

The local government did not say when it might allow Vale to resume operations, but said pollution had been contained to a river.

The stoppage had affected 3,500 workers, Vale said, of which 1,300 are employees and the rest subcontractors.

Click here to read the full Reuters report.