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Vale News

Brazil judge orders Vale to pay for all damages from dam collapse

Rio De Janeiro - A Brazilian state judge on Tuesday ordered mining giant Vale to pay for all the damage caused by a tailings dam collapse that killed hundreds of people in one of the country's worst industrial accidents.

Brazil braces for another tailings dam collapse

Belo Horizonte - Thousands of Brazilians braced Monday for the possible collapse of another tailings dam owned by mining giant Vale that threatens to spew millions of tons of toxic sludge over towns, rivers and forest.

Vale says $4 bn in assets frozen over Brazil dam disaster

Rio De Janeiro - Brazilian authorities have frozen more than $4 billion dollars' worth of assets belonging to Vale over a deadly dam collapse, the mining giant said Wednesday, as it reported a 24.6 percent increase in full-year net profit.

'Can't be called water': Brazil marks two months since dam disaster

Juatuba - Brazilian fisherman Jose Geraldo dos Santos uses a long pole to push his boat down the reddish-brown Paraopeba River, taking care not to splash himself with water he says is toxic.

Brazil arrests eight Vale employees over mining dam disaster

S - Brazilian authorities arrested eight employees of mining giant Vale on Friday over a dam collapse at one of its mines three weeks ago that killed at least 166 people and left 147 missing, presumed dead.

Brazil arrests eight Vale employees over mining dam disaster

S - Brazilian authorities arrested eight employees of mining giant Vale on Friday over a dam collapse at one of its mines three weeks ago that killed at least 166 people and left 147 missing, presumed dead.

Brazil miner Vale loses $18bn in market cap after dam disaster

S - Brazilian mining giant Vale lost more than $18 billion of its value Monday in a dramatic share plunge on the Sao Paulo stock exchange as investors reacted to the collapse of one of its dams that killed scores and left hundreds missing.The 24.

Brazil mining giant Vale tarnished by dam disaster

Rio De Janeiro - Vale, the Brazilian company that owns the dam that burst at one of its mines killing dozens and leaving hundreds missing, is the world's biggest iron-ore miner - and its reputation has taken a harsh blow with the disaster.

BHP, Vale agree to settle Samarco mine disaster claim by June 30

Sydney - Mining giants BHP Billiton and Vale said Thursday they have struck a deal with Brazilian prosecutors to negotiate by June 30 the settlement of a 155 billion reals ($47.5 billion) claim over the fatal Samarco mine collapse.

BHP, Vale agree to settle Samarco mine disaster claim by June 30

Sydney - Mining giants BHP Billiton and Vale said Thursday they have struck a deal with Brazilian prosecutors to negotiate by June 30 the settlement of a 155 billion reals ($47.5 billion) claim over the fatal Samarco mine collapse.

BHP, Vale agree to settle Samarco mine disaster claim by June 30

Sydney - Mining giants BHP Billiton and Vale said Thursday they have struck a deal with Brazilian prosecutors to negotiate by June 30 the settlement of a 155 billion reals ($47.5 billion) claim over the fatal Samarco mine collapse.

Brazil judge to hear Samarco mine homicide cases

Rio De Janeiro - A Brazilian federal judge has accepted homicide and environmental criminal charges against 22 people and four mining companies involved in last year's deadly Samarco dam burst.

Brazil judge to hear Samarco mine homicide cases

Rio De Janeiro - A Brazilian federal judge has accepted homicide and environmental criminal charges against 22 people and four mining companies involved in last year's deadly Samarco dam burst.

Brazil mine gets safety gear — a year too late

Mariana - Surrounded by big video screens and computers, a team works 24/7 to monitor the slightest threat of an accident at dams used by Brazil's Samarco iron ore mine.The only problem?

One year on, Brazilian mine tragedy wounds still raw

Bento Rodrigues - In the ravaged Brazilian valley where a giant mining waste dam burst, killing 19 people and spewing pollution, an incongruous sight pops up: billboards with a grinning workman and the slogan "communicate positively.

Brazil charges 21 over deaths in mine dam collapse: prosecutor

Rio De Janeiro - Brazilian federal prosecutors announced homicide charges Thursday against 21 people, including senior mining executives, allegedly responsible for the deadly collapse of the Samarco iron-ore mine dam last year.

'Substantial progress' on Brazil mine disaster recovery: BHP

Sydney - BHP Billiton Friday said it was making "substantial progress" to help communities devastated by a fatal Brazilian mine accident, as the commodities giant's share price strengthened after sinking on the back of a multi-billion-dollar lawsuit.

'Substantial progress' on Brazil mine disaster recovery: BHP

Sydney - BHP Billiton Friday said it was making "substantial progress" to help communities devastated by a fatal Brazilian mine accident, as the commodities giant's share price strengthened after sinking on the back of a multi-billion-dollar lawsuit.

'Substantial progress' on Brazil mine disaster recovery: BHP

Sydney - BHP Billiton Friday said it was making "substantial progress" to help communities devastated by a fatal Brazilian mine accident, as the commodities giant's share price strengthened after sinking on the back of a multi-billion-dollar lawsuit.

Former head of Brazilian miner Vale 'dies in plane crash'

S - Roger Agnelli, the former head of Brazilian mining giant Vale, died along with six other people when a small plane crashed into a residential building in Sao Paulo, friends and media said.

Brazil police charge seven in Samarco mine deaths: reports

Rio De Janeiro - Brazilian police charged six executives and another suspect Tuesday over the deaths of 19 people when a wastewater dam collapsed at an iron ore mine last year, media reported.

Brazil prosecutor threatens to torpedo $5 bn dam burst settlement

Rio De Janeiro - A nearly $5 billion expected settlement for last year's toxic flood that killed 17 people in Brazil could be challenged by prosecutors, who say the amount is not enough.

Judge blocks Brazil assets of Vale, BHP Billiton after dam disaster

Bras - A judge has blocked the Brazilian assets of mining giants Vale and BHP Billiton to make sure they pay reparations for the toxic waste dam burst that killed 17 in November.

Miner BHP commits to Brazil clean-up as huge lawsuit looms

Sydney - BHP Billiton renewed its commitment Monday to do all it can to help following the deadly collapse of a waste water dam in Brazil, with the mining giant and partner Vale facing a huge lawsuit.

Brazil mining giant rejects UN anger over 'toxic' flood

Rio De Janeiro - Mining giants responsible for a dam spill in Brazil earlier this month rejected Thursday accusations by the United Nations that "20,000 Olympic swimming pools of toxic mud" spewed into a river.

Brazil court orders suspension of activity at Amazonian mine

Rio De Janeiro - A court has ordered Brazilian mining giant Vale to suspend activities at an Amazonian nickel mine and compensate indigenous people who say they are adversely affected by its operations.

Vale profit plunges 89% to $584 mn

Rio De Janeiro - Profits at the world's top iron ore producer, Brazilian mining giant Vale, dived 89.2 percent to $584 million in 2013, the firm said Wednesday.The company also posted a net loss that more than doubled in the fourth quarter of 2013 from the previous yea...

Brazilian mining giant opens $1.7 billion coal mine in Mozambique

Maputo - Brazilian mining giant, Vale, opened a new $1.7 billion coal mine in Mozambique on Sunday tapping into the country’s 23 billion tons coal reserves, AFP reported.
 

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