Diversified major BHP has offered its assistance to its Brazilian joint venture partner (JV) Vale, after that company suffered a dam rupture at its Córrego do Feijão mine, in the city of Brumadinho, Minas Gerais, Brazil.
Reports on Thursday stated tha…
BHP offers its assistance to Vale Read More »
As the death toll continues to rise from a fatal accident at a dam owned by Vale, the Brazilian miner’s top management is coming under increased criticism in the highest levels of government.
"There must be punishment," Vice President Hamilto…
Vale’s management on thin ice as spill fallout snowballs Read More »
Vale’s dam breach left at least 60 people dead and 292 missing in Brazil, leading the world’s biggest producer of iron ore to suspend dividends as it braces for the financial fallout of the catastrophe. The shares plunged as much as 20%.
The collapse …
Vale plunges as deadly dam disaster leads to dividend suspension Read More »
Mining company Vale’s second dam disaster in Brazil in less than four years deals a blow to an industry grappling with investor wariness and a poor image and casts doubt on new President Jair Bolsonaro’s vow to reduce government regulation.
Brazilian …
Second Vale dam burst in Brazil likely to curb mining risk appetite Read More »
Vale, the world’s largest iron-ore miner, suspended its planned shareholder dividends, share buybacks and executive bonuses in light of a deadly tailings dam disaster in Brazil, according to a securities filing late on Sunday.
Vale’s board of director…
Vale suspends dividends, buybacks and bonuses after Brazil dam disaster Read More »
