Brazil’s mining authorities have started a probe into Vale SA over a possible coverup regarding safety procedures that could lead to a fine of up to 20 percent of their 2018 gross revenue. The country’s mining secretary, Alexandre Vidigal de …
Brazilian Senate committees on Wednesday passed a bill to tighten dam safety in the country, after a mining dam owned by Vale SA burst and killed an estimated 300 people in the town of Brumadinho. The legislation, which tightens safety …
After last month’s deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams …
Brazilian federal prosecutors are seeking the arrest of a Vale SA senior executive, authorities said on Friday, following the collapse of a dam holding mining byproducts that is believed to have killed over 300 people. This is the first time …
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday. Danske is being investigated in its home market of Denmark, Estonia, Britain, France and the United States over some …
Senior management at Brazilian miner Vale were never shown internal security documents indicating that its dam at Brumadinho was at risk of collapse, the company’s chief financial officer said on Tuesday [Feb. 12]. The CFO, Luciano Siani, was asked about …
Vale SA , the world’s largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an internal document seen by …
Danske Bank A/S says it’s been placed under formal investigation in France over suspected money laundering at its Estonian branch. The Copenhagen-based bank said the investigation covers transactions from 2007 to 2014 amounting to around 21.6 million euros ($24.5 million). …
A report commissioned by Brazilian miner Vale SA last year, to look into the stability of a tailings dam that ruptured on Jan. 25, certified it as sound but raised concerns over its drainage and monitoring systems. The report by …
Australia financial shares surged the most in a decade after an inquiry into decades of wrongdoing stopped short of demanding a structural overhaul of the scandal-plagued industry or tighter lending rules that threatened to crunch bank profits. While banks will …
