CSN on uncomfortable risk of dam colapse after strong rains.
SID
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CSNA3
'Casa da Pedra' Dam at Congonhas-MG was inspected today (Tuesday) by agents of the national mining agency* who assessed that there is no risk of dam collapse, but they identified small erosions damage and ordered immediate action from
SID
. Tomorrow (Wed) are forecasted to rain 20mm.
Thursday: 6mm
Friday: 4mm.
Put options might be a prudent position for stock holders.
*https://www.gov.br/anm/pt-br/assuntos/noticias/nota-da-anm-sobre-a-barragem-casa-de-pedra-situada-em-congonhas-mg