Edition:
India

Christian Plumb

Brazil prosecutors threaten to revive $37 billion lawsuit over Samarco delays: source

16 Jan 2020

BELO HORIZONTE, Brazil Brazil's federal prosecutors' office has threatened to revive a 155 billion reais ($37 billion) lawsuit against Vale SA and BHP Group, citing delays in helping survivors of a deadly dam burst at their Samarco joint venture, a source close to ongoing talks on the matter between the companies and prosecutors told Reuters.

Exclusive: Brazil prosecutor aims to charge Vale within days over mining waste dam disaster

08 Jan 2020

BELO HORIZONTE, Brazil A Brazilian state prosecutor expects to bring criminal charges "in the next few days" against miner Vale over a mining waste dam collapse that killed at least 259 people, even as the prosecutor's federal counterpart continues to investigate the case.

Vale report blames water level for Brazil mining waste dam disaster

13 Dec 2019

SAO PAULO The deadly collapse of a Vale SA 's mining waste dam in Brazil was partially triggered by "a persistently high water level" that caused the structure to lose strength and stability, according to a report by a panel of experts appointed by the company's lawyers.

Brazil regulator says Vale 'negligence' may have cost lives

06 Nov 2019

BRASILIA/SAO PAULO 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.

Vale CEO received anonymous email warning ahead of Brazil dam disaster - congress report

05 Nov 2019

SAO PAULO The former chief executive of Brazilian iron ore miner Vale received an anonymous email weeks before the deadly collapse of a tailings dam at Brumadinho in January 2019 warning about "dams at their limit," according to the findings of an exhaustive congressional report on the disaster.

UPDATE 2-Vale to open shuttered Alegria mine, starting to restore lost output

02 Nov 2019

SAO PAULO, Nov 1 Miner Vale SA said on Friday it had been authorized by Brazilian regulator ANM to resume operations at its Alegria mining site, which were interrupted last March after a "stress test" failed to guarantee its stability.

Brazil's Vale CEO says not yet time to resume dividends

25 Oct 2019

SAO PAULO Vale SA's chief executive officer said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.

UPDATE 1-Brazil's Vale CEO says not yet time to resume dividends

25 Oct 2019

SAO PAULO, Oct 25 Vale SA's chief executive officer said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.

Brazil's Vale earnings miss expectations, cites dam shutdown progress

25 Oct 2019

SAO PAULO Brazilian miner Vale on Thursday reported a weaker-than-forecast 15% gain in quarterly earnings as the iron ore exporter tries to overhaul its operations to avoid a recurrence of the dam burst that killed more than 250 people in January.

UPDATE 2-Brazil's Vale earnings miss expectations, cites dam shutdown progress

25 Oct 2019

SAO PAULO, Oct 24 Brazilian miner Vale on Thursday reported a weaker-than-forecast 15% gain in quarterly earnings as the iron ore exporter tries to overhaul its operations to avoid a recurrence of the dam burst that killed more than 250 people in January.

World News