Vale News

Vale’s Gongo Soco Mine Tailings Dam Faces 10%-15% Risk of Collapse: Brazil Official

Brazilian miner Vale‘s tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state’s environment secretary said on Monday. The dam at Vale‘s Gongo Soco mine is about 40 …

Brazil’s Vale Warns Another Mine Tailings Dam at Risk of Collapse

Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles from where its Brumadinho dam collapsed, killing more than 230 …

Brazil’s Vale to Invest $2.5B in Technology to Prevent Mining Dam Disasters: Reuters

Brazil’s Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that removes the need for tailings dams, the waste facilities responsible for two deadly mining disasters in the past four years. …

Mining Giant BHP Faces $5B Damages Claim over 2015 Brazil Dam Disaster

Anglo-Australian mining giant BHP is facing a landmark, $5.0 billion damages claim in England for being “woefully negligent” in the run-up to a 2015 dam failure that led to Brazil’s worst environmental disaster, a lawsuit alleges. The claim, which will …

Brazil Mining Giant Vale Warns Another Tailings Dam Could Collapse

Brazilian mining giant Vale said Saturday [March 23] that communities in the southeastern state of Minas Gerais have been ordered to evacuate after independent auditors found that one of its dams could collapse at any moment. On Friday, the company …

Brazil’s Backlash over Vale Dam Disaster Deepens with Mine Closure, Frozen Funds

Vale SA’s shares declined on Monday as the world’s biggest iron ore producer faced continued backlash from Brazilian authorities after a deadly mining accident in January. Rio de Janeiro-based Vale was ordered on March 15 to shut its Timbopeba mine …

Brazil Miner Vale Fired Inspection Firm for Refusing to Certify Dam’s Safety: Prosecutors

Brazilian iron ore miner Vale fired an inspection firm because the company refused to certify one of its dams as safe, months before the barrier collapsed and killed hundreds, prosecutors said in a document filed this week, as they explained …

Vale CEO and Several Senior Execs Resign After Deadly Brazil Dam Disaster

Brazilian iron ore miner Vale SA Chief Executive Fabio Schvartsman and several other senior executives resigned on Saturday in what the company described as a temporary move, after one of its mining dams burst in January, killing hundreds. Vale said …

Brazil Probe into Possible Safety Cover-up by Vale Could Lead to Massive Fine

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 …

Brazil Senate Passes Dam Safety Bill After Vale Disaster; Insurance Provision Eyed

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 …