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Posts tagged to dam disaster

Vale disaster: Mining giant will survive, but repercussions will be severe


The collapse led to the flooding of the town of Brumadinho with 12 million cubic meters of mining waste, wreaking havoc across the landscape. This has not only caused a huge environmental disaster but also led to the deaths of an estimated 169 – a figure which is expected to rise. While Vale is a metal and mining and logistics company, it derives the bulk of its revenue from the ferrous minerals segment, which accounted for 74% of total revenue in FY2017. Vale expects that the anticipated decline in output… Read more