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Exclusive: Brazil miner Vale knew deadly dam had heightened risk of collapse

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BELO HORIZONTE, Brazil (Reuters) – Vale SA, the world’s largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an internal document seen by Reuters on Monday. FILE PHOTO: Residents are seen in an area Read More

Australian flooding hits cattle herds, fertilizer output

2 weeks ago DieselGasoil Comments Off on Australian flooding hits cattle herds, fertilizer output
SYDNEY (Reuters) – Australia’s largest fertilizer maker and its biggest listed cattle farmer on Monday warned investors of sizeable losses stemming from floods that engulfed parts of Queensland state, as receding water began to reveal the scale of damage. FILE PHOTO – The Incitec Pivot company fertilizer and explosive chemical plant is pictured at sunset Read More

Short seller Carson Block targets medical device company Inogen

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FILE PHOTO – Carson Block, Chief Investment Officer, Muddy Waters Capital LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid BOSTON (Reuters) – Prominent short seller Carson Block is saying that Medical device company Inogen Inc has inflated the size of its markets and expects the stock Read More

Brazil evacuates towns near Vale, ArcelorMittal dams on fears of collapse

2 weeks ago DieselGasoil Comments Off on Brazil evacuates towns near Vale, ArcelorMittal dams on fears of collapse
BELO HORIZONTE/RIO DE JANEIRO (Reuters) – Some 700 people were evacuated early on Friday from Brazilian towns near two separate tailings dams operated by Vale SA and ArcelorMittal on mounting fears of a recurrence of last month’s deadly dam burst nearby. A federal police officer takes picture of the collapsed Brazilian mining company Vale SA, Read More

Brazilian state cancels Vale licenses at two mines in wake of disaster

2 weeks ago DieselGasoil Comments Off on Brazilian state cancels Vale licenses at two mines in wake of disaster
SAO PAULO (Reuters) – The Brazilian state of Minas Gerais canceled Vale SA’s license to operate a dam at one of its largest mines, the company said on Wednesday, following the collapse of another dam in the state that killed an estimated 300 people. A view of the Brazilian mining company Vale SA collapsed, in Read More

Brazil's Vale licenses to operate Laranjeiras dam, Jangada mine canceled

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SAO PAULO (Reuters) – Brazilian miner Vale SA said on Wednesday the state of Minas Gerais has canceled the licenses to operate the Jangada iron ore mine and the Laranjeiras dam. A view of the Brazilian mining company Vale SA collapsed, in Brumadinho, Brazil February 1, 2019. REUTERS/Adriano Machado/File Photo Jangada has been paralyzed since Read More

Brazil's Vale to invest $400 million to reduce need for tailings dams

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SAO PAULO (Reuters) – Brazil’s Vale SA, the world’s largest iron ore miner, will invest some 1.5 billion reais ($400 million) starting in 2020 to reduce its reliance on tailings dams, it said late on Tuesday, after one dam collapsed last month, likely killing more than 300 people. A view of the Brazilian mining company Read More

Vale to invest $400 million to reduce need for tailings dams

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SAO PAULO (Reuters) – Vale SA, the world’s largest iron ore miner, plans to invest some 1.5 billion reais ($400 million) starting in 2020 to reduce its reliance on tailings dams, it said late on Tuesday, after one collapsed last month, likely killing hundreds. A view of the Brazilian mining company Vale SA collapsed, in Read More

As death toll in Brazil nears 100, Vale dam disaster relatives lose hope

3 weeks ago DieselGasoil Comments Off on As death toll in Brazil nears 100, Vale dam disaster relatives lose hope
BRUMADINHO, Brazil (Reuters) – Brazilian rescue teams have recovered the bodies of 99 people buried after the rupture last week of a Vale tailings dam, and with over 250 people still missing, relatives at the disaster site are fast losing hope. No survivors have been found in the area of the dam burst since Saturday, Read More

Indigenous village faces existential threat from Brazil dam burst

3 weeks ago DieselGasoil Comments Off on Indigenous village faces existential threat from Brazil dam burst
SAO JOAQUIM DE BICAS, Brazil (Reuters) – Miles (km) downstream from where a dam owned by miner Vale SA burst on Friday, killing hundreds, a small indigenous village in Brazil faces doubts about its very existence as the river at the center of life here runs dark with mining waste. An Indigenous woman from the Read More