RIO DE JANEIRO/SANTIAGO Brazilian miner Vale SA expects to restore capacity lost after the deadly Brumadinho tailings dam burst within two to three years, executives said on Friday, emphasizing that the company is not rushing to resume full output.
SANTIAGO/RIO DE JANEIRO Brazil's Vale SA set aside $4.95 billion to pay for costs from the collapse of its Brumadinho tailings dam, driving the world's top iron ore miner deep into the red as it reckoned with the aftermath of one of the country's deadliest industrial disasters.
SAO PAULO Brazilian iron ore miner Vale on Wednesday announced a series of writedowns and provisions related to the Brumadinho tailings dam collapse that killed some 300 people two months ago, saying there would be an affect on future results.
SAO PAULO Vale SA, the world's largest iron ore miner, is set to report fourth-quarter earnings on Wednesday but those results now look like ancient history as the company grapples with fallout from a second deadly dam burst in less than four years.
SAO PAULO The arrest of a former Brazilian president on corruption charges is raising questions about how a Swedish consulting company won a contract to help build a nuclear power plant at the center of what prosecutors say was a massive bribery and kickback scheme.
SAO PAULO, March 22 The arrest of a former
Brazilian president on corruption charges is raising questions
about how a Swedish consulting company won a contract to help
build a nuclear power plant at the center of what prosecutors
say was a massive bribery and kickback scheme.
SAO PAULO/RIO DE JANEIRO Brazilian iron ore miner Vale fired an inspection firm because the company refused to certify one of its dams as safe, months before the barrier collapsed and killed hundreds, prosecutors said in a document filed this week, as they explained why they wanted top Vale executives ousted.
SAO PAULO 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.
SAO PAULO, Feb 6 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.
SAO PAULO/BRASILIA Brazil's business class is quietly rooting for far-right presidential candidate Jair Bolsonaro to win the nation's highest office this month, fearful of a return to leftist rule in Latin America's largest economy.