dam collapse News

Vale to Pay $7 Billion for One of Worst Ever Mine Disasters

Vale SA reached a settlement agreement with Brazilian authorities for a dam collapse that killed 270 people and led to production cutbacks that stripped the company of the title of world’s biggest iron ore producer. The deal comes two years …

TÜV SÜD Faces Group Claim In Germany Over 2019 Brazil Dam Collapse

LONDON — German industrial inspector TÜV SÜD is facing a claim for “significant damages” in the first civil lawsuit on German soil over its alleged role in the deadly collapse of a dam in Brazil two years ago. A group …

BHP Labels English Lawsuit Over Brazil Dam Failure Pointless, Wasteful

LONDON — Anglo-Australian miner BHP has dismissed as pointless and wasteful a 5 billion pound ($6.3 billion) English lawsuit by 200,000 Brazilian people and groups over the 2015 collapse of a dam that led to Brazil’s worst environmental disaster. Kicking …

Murder Charges in Vale Dam Collapse Case Complicate Brazilian Probes

RIO DE JANEIRO — The filing of murder charges against the former CEO of Brazilian miner Vale SA and 15 others for a 2019 dam collapse that killed more than 250 people was hailed by victims’ families as a major …

Vale Report Blames Water Level for Brazil Mining Waste Dam Disaster

SAO PAULO — The deadly collapse of a Vale SA’s mining waste dam in Brazil was partially triggered by “a persistently high water level” that caused the structure to lose strength and stability, according to a report by a panel …

Investors Uneasy about Undisclosed Dam Safety Risks

LONDON — Investors with a combined $12.5 trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dams if they do not release information to assess …