logo
Plus   Neg
Share
Email

Brazil Regulator Says Vale Failed To Report Dam Defects

Mining giant Vale failed to report warning signs at a massive tailings dam in Brazil that could have averted its collapse, killing at least 250 people in Brazil in January, the mining regulator said. It was the company's second deadly dam collapse in less than four years.

"If ANM had been correctly informed it could have taken precautionary measures and forced the company (VALE) to take emergency actions that could have avoided the disaster," the National Mineral Agency or ANM said in a statement.

The regulator's report, quoting internal company documents, detailed several issues that it said Vale should have reported.

The first one was in 2018 when Vale installed horizontal drainage pipes and found sediment in the drainage water.

Meanwhile, Vale said on Tuesday that the company is analyzing the regulator's 194-page report and isn't able to comment on technical decisions taken by geotechnical experts at the time.

The wall Street Journal reported on Monday that Vale's senior management had received an anonymous email warning about the state of the miner's dams two weeks before the disaster.

Vale had analyzed the email, but concluded it lacked concrete information, the report said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's Companies Inc. (LOW) and Office Depot Inc. (ODP) reported profit for their fourth-quarter, while TJX Companies' (TJX) profit increased 17 percent from the prior year. TJX plans to increase dividend by 13 percent and to buy back up to $2.25 billion of stock. Starbucks is introducing plant-based meat to its menu in Canada in early March. The Seattle-based coffee chain said it will introduce a new Beyond Meat, Cheddar and Egg Sandwich to its Canadian stores on March 3, along with the launch of its new spring menu. The meatless breakfast sandwich will be part of Starbucks Canada's core menu. Auto major Ford Motor Co. issued a safety compliance recall for a total of 217,185 F-150 pickup trucks with LED headlamps in North America, including 50,989 in Canada, to fix issues with the headlamps that could increase risk of a crash. The F-150 has been the top selling U.S. vehicle by any manufacturer for more than 40 years.
Follow RTT
>