A Brazilian court has ordered Vale SA, the world's largest iron ore miner, ...
FILE PHOTO: The logo of Vale SA is pictured in Rio de Janeiro, Brazil, August 7, 2017. REUTERS/Ricardo Moraes/File Photo
RIO DE JANEIRO - A Brazilian court has ordered Vale SA, the world’s largest iron ore miner, to suspend two more dam operations, demanding that it prove the structures are stable. The court decision dated Friday is the latest in a series of orders forcing Vale to halt operations at various dams that contain the muddy detritus of mining operations after one such barrier collapsed in January, killing some 300 people.
Vale has faced growing pressure to prove that its remaining dams are safe. The fatal disaster in the town of Brumadinho was the second of its kind in four years. The miner said in a statement that the suspension of its Minervino and Cordao Nova Vista dams will not have a significant impact on its operations. It explained that mining waste was already being shipped to “other structures,” which it did not identify.Vale shares were down 1.1 percent shortly after midday in Sao Paulo, in contrast to a rally in rival miners such as Rio Tinto and BHP. Both those shares were boosted by a gain in Chinese iron ore futures.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil court orders Vale employees, contractors arrested againA Brazilian court in the state of Minas Gerais on Wednesday ordered the arrest o...
Read more »
Several dead in Brazil school shooting, including five childrenBREAKING: Many deaths and injuries reported in Brazil grade school, Brazilian media report.
Read more »
Brazilian Prosecutors Probe More Than 100 Dams Following Deadly CollapseBrazilian prosecutors are probing more than 100 high-risk dams across the country, saying they doubt the legitimacy of the safety audits carried out after Vale’s deadly dam collapse
Read more »
European aviation regulator EASA suspends all Boeing 737 Max operations in Europe
Read more »
Brazilian police arrest two former cops for death of black Rio councilwomanBrazilian police arrest two ex-cops for murder of outspoken black Rio councilwoman
Read more »
Two Former Cops Were Arrested In Connection With The Murder Of A Brazilian PoliticianThe arrests come after nearly a year after the murder of Marielle Franco, a queer politician known for her support for minorities and criticism of police violence.
Read more »
Brazil court orders Vale employees, contractors arrested againA Brazilian court in the state of Minas Gerais on Wednesday ordered the arrest o...
Read more »