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    May 17, 2019

    Vale warns Brazil prosecutors another dam at risk of collapse

    Commodities Gongo Soco Mine Tailings Dam, Iron Ore, Minas Gerais, Vale

    By Marta Nogueira |Reuters

    Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles from where its Brumadinho dam collapsed, killing more than 230 people.

    According to a document published on Thursday, prosecutors said Vale is predicting the dam in the city of Barao de Cocais may collapse next week if the current rate of movement in the embankment of the mine pit close to the dam is maintained.

    The warning underlines ongoing concern about the stability of dams in Brazil’s mining heartland of Minas Gerais in the aftermath of the Brumadinho accident, which itself came less than four years after another deadly dam collapse at a joint venture between Vale and BHP Group…Full Story

    A gift is a gift, says Glencore on $1.4bn DRC debt write-off — but US Dept of Justice is watching the mining giant Metal Prices 20th May 2019

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