Vale’s Senior Management Unaware of Dam Risk Report, Says CFO

Article 0 Comments 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 management’s knowledge of the internal documents at […]

Brazil Miner Vale Knew Its Tailings Dam Had Higher Risk of Collapse: Reuters

Article 0 Comments 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 Reuters on Monday. The report, dated Oct. […]

Audit of Burst Brazil Tailings Dam Raised Concerns over Drainage, Monitoring

Article 0 Comments 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 German-based TÜV SÜD, reviewed by Reuters on […]

Brazil’s Burst Dam Disasters Blamed on Cheap Storage of Mining Waste

Article 0 Comments The deadly collapse of a Vale SA tailings dam in Brazil is serving as a wake-up call for an industry that regularly cuts costs by storing mining waste in the cheapest possible way. The slurry of ground rock and effluents left over after companies extract marketable minerals […]

Brazil Dam Disaster Could Delay Settlement for 2015’s Samarco Mine Disaster

Article 0 Comments 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]. Vale and BHP have been aiming to […]

Allianz Has Reinsurance Exposure to Vale Dam Disaster: Sources

Article 0 Comments 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 consortium of reinsurers that assumed some risks […]

Brazil Weighs Management Overhaul at Vale After Mine Disaster; Death Toll Rises

Article 0 Comments 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 Monday night, firefighters in the state of […]

Collapsed Brazil Mining Dam Kills at Least 58, in Echoes of 2015 Disaster

Article 0 Comments 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 disaster. Rescuers worked past sunset to […]

Australia Court Narrows Class-Action Suits Against BHP over Brazil Mine Disaster

Article 0 Comments 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 tailings dam, which stored mining waste at […]

Starr Insurance Cos. Expands Aviation Insurance Operations to Brazil

Article 0 Comments 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 chief executive officer for Starr Insurance Holdings […]