BRASILIA/SAO PAULO (Reuters) – Brazil’s mining regulator on Tuesday blasted iron ore miner Vale SA for failing to disclose problems with a mining dam before a deadly collapse in January, saying this kept the agency from taking actions that could have saved lives.
The dam in Brumadinho collapsed and flooded a nearby company cafeteria and the surrounding countryside with mining waste, killing more than 250 people. It was Vale’s second deadly dam collapse in less than four years.
The regulator’s report on its probe into the disaster is the latest blow to the reputation of Vale, which is under criminal investigation over accusations that top executives ignored warning signs about the dam. Continue Reading →