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SEC commenced an action in New York in which it asserted that Vale S.A., a publicly-traded Brazilian mining company made false and misleading claims about the safety of its dams in the years leading up to January 2019 Brumadinho disaster.
SAO PAULO, Dec 26 — A dam collapsed in the northeastern Brazilian state of Bahia after days of heavy rains, swamping already swollen local rivers and threatening flash floods, regional authorities said late yesterday. There were no reports of deaths or injuries or major damage, though details of...
There are no reports of deaths or injuries caused by the dam failures, though bridges and roads were damaged
Several cabins at the mine flooded when a dam burst, leaving at least 15 people dead and about a dozen missing. Weak safety rules and Soviet-era infrastructure are being blamed for the tragedy.
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 in Brumadinho, Minas Gerais state, killed 270 people in Brazil's most deadly mining tragedy has hampered Vale's performance for two years as it was forced to curb production amid new safety protocols. Judge Vivianne Celia Ferreira Ramos Correa on Wednesday agreed to the request of the Brumadinho iron mining workers union that the compensation be paid to the estate or heirs o...