What does Force Majeure Means:
“”””Standard clause found in construction and supply contracts, it exempts the contracting parties from fulfilling their contractual obligations for causes that could not be anticipated and/or are beyond their control. These causes usually include act of God, act of man, act of parliament, and other impersonal events or occurrences. French for, superior force. Also called irresistible force.”””””
WAS IT BEYOND VALE’S CONTROL!!! IT HAPPEND 3 YEARS BACK AS WELL!!!!! IT CAN HAPPEN POTENTIALLY ANOTHER 10 DAMS!!!!
ACT OF GOD!!!! (THAT MAY BE..... HAHAHAHA).
its all Vale ignorance and if they are not stopped now, it may have impact for other good miners as well.......
they should not be allowed to start operation before its completely investigated.... Everyone knows they have another 10 potential dam which built in similar upstream way!!!!
Iron ore price, page-9770
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