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July 8, 2022
The lawsuit by 200,000 Brazilians over the deadly dam failure in 2015 alleges the miner ignored safety warnings and seeks compensation.
August 18, 2021
Partners integrate operations across 15 distinct sites, at two major complexes
June 10, 2021
MONEYWEB app instead? Vale tailings dam at imminent risk of rupture, authorities say The worldâs second-largest iron-ore producer has grappled with the fallout from two deadly dam collapses over the past six years. By Mariana Durao, Bloomberg 10 Jun 2021 08:48 Image: Bloomberg A Vale SA tailings dam near the site of a deadly disaster in 2015 runs the imminent risk of rupture, according to Brazilian authorities. Thereâs a âserious and imminent risk of rupture due to lique...
January 29, 2021
BHP and Vale’s Samarco hit with nearly $ 1 billion suit The collapse of the Fundao tailings dam in 2015 killed 19 people and polluted hundreds of miles of rivers. ( Image: Agência Brasil Fotografias.) BHP (ASX, LON, NYSE: BHP) and Vale’s (NYSE: VALE) beleaguered Samarco joint venture in Brazil has been hit with an almost $1 billion lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt. The claim, filed in October last year by the Bank of New ...