Corrego do Feijao Mining News

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

Vale denied stability re-certifications on 17 dams, dikes

The decision comes on the same day a Brazilian court froze an additional 1 billion reais ($255 million) in assets as possible compensation for damages related to a recent evacuation of the area around the company's Vargem Grande dam in Minas Gerais state.

UNEP, ethical investors join miners' quest for global tailings rules

Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.

Vale ordered to halt 13 more dams, Brucutu mine restart delayed

The world’s biggest iron ore producer said the injunction will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on line.

Another 10MT of iron ore off the market as Vale halts Alegria mine

The preventive measure was taken after a stress test failed to guarantee stability of the mine’s structures. Vale noted it would restart production when new studies are completed and their results are conclusive.

Brazilian court freezes $260 million from Vale’s accounts

The world’s iron ore producer has faced continued backlash from Brazilian authorities since the deadly mining dam accident that killed around 300 people in January.

Brazil’s deadly dam collapse pushes miners to set global rules for tailings

The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.

Brazil mining authority halts two Vale complexes

The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.

Eight Vale employees arrested in Brazil as part of dam collapse probe

Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.

Hundreds evacuated in Brazil on fears over mining dams safety

About 700 people were evacuated from two towns located near tailings dams operated by Vale and ArcelorMittal on mounting fears after last month's breach at Brumadinho, the country's deadliest mine disaster.

Vale forced to halt operations at Brucutu, largest mine in Minas Gerais

Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil's second largest mine, behind Vale’s Carajás.

Vale says alarms didn’t go off on time in Brumadinho due to 'speed' of sludge

The argument is being harshly criticized by experts and locals, who believe the law-enforced audible could have saved lives.

Brazilian prosecutors freeze over $219m of Vale’s assets

Funds expected to be used as compensation for the victims of last week’s tailing burst, which killed at least 99 people.

UN calls for probe into Vale’s tailings as waste heads to Brazilian river system

Brazilian authorities and companies involved with river water management are trying to stop the torrent of mining waste from reaching the Sao Francisco river, a source of drinking water for communities in five of the country's 26 states.

Death toll from Brazil dam burst rises to 84, with 276 unaccounted for

48 people have been identified so far, as work continues in the area.

Vale to end use and dismantle all upstream dams after disaster — CEO

Chief Executive Fabio Schvartsman said Vale would halt operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them.

Brazil mine disaster prompts Bolsonaro rethink on environment

Bolsonaro and his cabinet are swiftly dialing back promises of deregulation.

Vale eyed dam design changes in 2009 that may have prevented disaster

The International Coalition of Large Dams (ICOLD) group "is recommending that dams, especially large dams, be built by dam professionals.

Five Vale staff and contractors arrested after Brazil dam disaster

Two other engineers, who worked for Germany’s TUEV SUED on a contract where they attested to the safety of the Vale dam, were arrested in Sao Paulo.

Vale's management team on thin ice as spill fallout snowballs

“Before pointing out fingers we need to see what happened first”

Vale stock plunges after Brazil disaster; $19B in market cap erased

"The fact is that Vale's share drop was even steeper than some market participants expected"

Investors ask how Vale failed to stop repeat of dam disaster 

“How can they let this happen again?” Melo said. “They wiped out our city.”

Vale analysts see charges, lawsuits, halts undermining stock

Vale plunged as much as 20 percent in Sao Paulo on Monday, the biggest intraday drop since October 2008.

Vale dam collapse: Panic after fresh alert at another mine in Brumadinho

An alarm warning of an imminent mining dam rupture was issued on Sunday morning near Brumadinho, the same Brazilian community where the collapse of Vale's dam on Friday killed at least 58 and left over 400 more feared dead.

Vale's tailings dam bursts after end-year rebound in iron ore prices

As early as next week, iron ore prices may start to reflect the impacts of Vale's dam bursting at Corrego de Feijao in Brumadinho.