Brazil mine disaster News

Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures

Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. …

Miner BHP Potentially Faces $44B Lawsuit in London Over Brazil Dam Collapse

Mining group BHP Group is potentially facing a 36 billion pound ($44 billion) lawsuit in London over Brazil’s worst environmental disaster after the number of claimants more than tripled to 700,000, their lawyers said on Wednesday. BHP was initially sued …

Brazil Fines Vale $16.9M for Lack of Reliable Details About Collapsed Tailings Dam

Vale SA was fined 86.3 million real ($16.9 million) for not giving Brazil’s mining regulator accurate information on the conditions at a tailings dam that collapsed three years ago, killing 270 people in the deadliest mining disaster in the country’s …

SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams

The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale for allegedly making false and misleading disclosures about the safety of its dams ahead of a 2019 disaster that killed 270 people. Beginning in 2016, Vale manipulated …

Brazilian Miners Likely to Miss Legal Deadline for Removal of Tailings Dams

Vale and other Brazilian mining companies are set to miss a legal deadline in the state of Minas Gerais for the removal of all tailings dams built using a method linked to past collapses, and the industry is seeking to …

London Court of Appeal Agrees to Reopen $7B Brazil Dam-Collapse Lawsuit Against BHP

London’s Court of Appeal made a U-turn on Tuesday by agreeing to reopen a $7 billion lawsuit by 200,000 claimants against Anglo-Australian mining giant BHP, reviving a case over a dam rupture behind Brazil’s worst environmental disaster. Lawyers for one …

Final Settlement for Brazil’s Samarco Mining Dam Disaster Could Reach $19 Billion

RIO DE JANEIRO – A definitive settlement with miner Samarco and owners, BHP Group and Vale SA, for the damage caused by a burst tailings dam in 2015 could reach 100 billion reais ($19.06 billion), the governor of the Brazilian …

Brazil Judge Orders Vale to Pay Damages to Families of Victims of 2019 Mining Disaster

BRASILIA – A regional labor judge has ordered Brazilian miner Vale SA to pay 1 million reais ($197,240) in compensation to each of the families of 131 employees killed in the collapse of a mining dam in 2019. The disaster …

London Court Will Reconsider $6.9B Suit Against BHP Over 2015 Brazil Dam Collapse

LONDON – London’s Court of Appeal will hear a request to revive a 5 billion pound ($6.95 billion) lawsuit against Anglo-Australian mining group BHP over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed …

Lawsuit Against BHP over Brazil Dam Collapse Fails on Appeal in English Court

LONDON – A 200,000-strong Brazilian claimant group said on Wednesday it had failed to resurrect a 5.0 billion pound ($6.9 billion) English lawsuit against Anglo-Australian mining giant BHP over a devastating 2015 dam failure. The Court of Appeal agreed with …