The CPI alleges the company did not declare how much gold and silver was extracted from the Salobo mine.
The Parliamentary Inquiry Commission of the Municipal Chamber of Marabá in the Brazilian state of Pará will meet with Vale executives next Monday to discuss R$400 million that it says the miner failed to pass on to the municipality for the exploration of gold and silver over the last ten years.
The CPI alleges the company did not declare how much gold and silver was extracted from the Salobo mine, saying the miner did not pay financial compensation to the Union, States, Federal District, and Municipalities for the economic use of mineral resources in their respective territories, called CFEM.
“Vale clarifies that the final product from the Sossego and Salobo mines is copper concentrate. CFEM is collected in accordance with the specific legislation on the subject and is based on the pricing of this concentrate, which includes other minerals contained, such as gold and silver,” the miner said in an emailed statement to MINING.com.
“At a recent meeting of the CPI in Marabá, the company demonstrated that the amounts collected already include all the minerals contained in the copper concentrate, with no payment pending,” Vale said.
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