Brazil’s deadly tailings dam collapse is likely to complicate a settlement for a similar disaster less than four years ago at the Samarco iron ore mine, owned jointly by Vale SA and BHP Group, investors said on Tuesday [Jan. 29]. …
German insurer Allianz may have to cover some of the costs of the dam collapse at Vale’s Corrego do Feijao mine in Brazil, two people familiar with the matter told Reuters. Allianz’s Global Corporate & Specialty division (AGCS) leads a …
Brazil’s government weighed pushing for a management overhaul at iron ore miner Vale SA on Monday as grief over the hundreds feared killed by a dam burst turned into anger, with prosecutors, politicians and victims’ families calling for punishment. By …
Brazilian rescuers searched into the night on Sunday for hundreds of people missing after a burst mining dam triggered a deadly mudslide, as the death toll rose to 58 and was expected to keep climbing more than two days after …
The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao …
Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Blakey, president and …
Mining giant BHP says it will fight an unprecedented English lawsuit filed by hundreds of thousands of Brazilians for multi-billion pound damages over Brazil’s worst environmental disaster. SPG Law, a British offshoot of a U.S. litigator, represents 240,000 individuals in …
An explosion tore through Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA’s largest plant on Friday, injuring 30 people and shaking the nearby town of Ipatinga, according to the company and firefighters. The company, also known as Usiminas, said none …
Anglo American Plc’s Brazilian iron-ore mine suffered operational delays after a pipeline ruptured Monday morning, the company confirmed by email. The good news is that no one was hurt, the company said. The troubling news is the mishap marks the …
State-controlled insurance holding company BB Seguridade Participações SA on Monday forecast slower profit growth this year, reflecting the impact of Brazil’s harshest recession ever and a rapid decline in interest rates. BB Seguridade projected an increase of 1 percent to …
