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.
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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.
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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, killing over 300 people.
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Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.
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Measure comes two weeks after another Vale dam burst in Brumadinho town, also in Minas Gerais state, killing at least 157 people, with nearly 200 still missing and feared dead.
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Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil’s second largest mine, behind Vale’s Carajás.
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A video shows the exact moment when a dam at Vale’s Córrego do Feijão mining complex burst.
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Argument is being harshly criticized by experts and locals, who believe the law-enforced audible could have saved lives.
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The financial penalties related to the dam collapse may prove even larger than those for Samarco.
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Moody’s weighs in on Vale dam disaster Read More »
Funds expected to be used as compensation for the victims of last week’s tailing burst, which killed at least 99 people.
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