Asked whether the company’s senior management had seen the internal report, Siani said, “No.” vintage cufflink makers. “There was a lot of controversy about this recommendation to pass technical details to senior management,” Siani said at the company’s headquarters in Rio de Janeiro. “If a mechanic and a pilot detect a problem, they have to have the autonomy to take immediate decisions in the field, and if you scale that into the company hierarchy, it can mean the difference between taking a quick decision and not.”..
The disaster in the mineral-rich state of Minas Gerais was the second major collapse of a mining dam in the region in about three years, following a similar disaster in 2015 at a nearby mine co-owned by Vale vintage cufflink makers. So far, at least 165 people have been confirmed dead after the dam burst, with nearly 200 more likely also killed. Siani said that in general, it was debatable whether technical details on Vale’s dams should reach the board, as that could affect flexible decision-making. He said the safety measures recommended by the documents, generated by national and international experts, were already being acted upon by the company. He said the report recommended actions, such as reducing the water level, which were already under way..
Siani stressed that the board was told that the dam was stable. The collapsed dam, which had more than 12 million cubic meters of iron ore tailings, released a wave of mud that buried company facilities, nearby dwellings and forests, and affected rivers in the region. “This structure, in addition to having no imminent risk, did not show any symptom of problems,” Siani said vintage cufflink makers. Vale shares added to gains after the news conference, rising 5.4 percent to close at 44.30 reais. “The news conference helped reduce risk perception in relation to potential future litigation,” XP Investimentos analyst Karel Luketic said in a research note, adding that the current depressed share price more than reflected future risks stemming from the collapse..
NEW YORK (Reuters) – General Electric Co booked the most orders for electricity-generating gas turbines in 2018 but fell to second place for the largest and most advanced machines, behind Mitsubishi Hitachi Power Systems, according to a closely watched report seen by Reuters and people familiar with the matter. Demand for gas turbines has been tumbling since 2011, stoking fierce competition for deals and prompting manufacturers to slash jobs and close factories vintage cufflink makers. GE is in the midst of a multi-year restructuring of its power business, which lost $808 million last year..
The latest rankings show Mitsubishi won 41 percent of the orders last year for turbines that can produce 100 megawatts or more, compared with 28 percent for GE and 25 percent for Siemens AG, according to McCoy Power Reports data. Among newest-generation turbines, known as “post F-class,” MHPS got 49 percent of orders, compared with 34 percent for GE and 16 percent for Siemens, the data shows. Orders for the most advanced turbines have dwindled along with the entire market, even though they churn out the most electricity per unit of fuel burned vintage cufflink makers. GE suffered a high-profile breakdown with one of its advanced turbines in Texas last year, and warned it may spend $480 million on repairs for the global fleet..