Vale Denied Having ‘Upstream’ Dams Ahead of Deadly Accident - News Summed Up

Vale Denied Having ‘Upstream’ Dams Ahead of Deadly Accident


The Brumadinho tailings dam disaster in Brazil has killed more than 100 people as of Thursday, with hundreds more missing and feared dead. This video shows the moment the disaster began. Photo: AP/Globo TVMining giant Vale SA had denied owning the sort of mine-waste dam that collapsed last month and killed at least 157 people at one of its old mines in Brazil, underscoring the industry’s reluctance to disclose information about such structures. Vale’s denials to investors and the news media came after another so-called upstream tailings dam, known as Fundão, failed in 2015, killing 19 people in what was then considered Brazil’s worst-ever environmental disaster. That dam was co-owned by Vale and Australia’s BHP Group Ltd....


Source: Wall Street Journal February 10, 2019 13:52 UTC



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