London Commodity Brokers Ltd.
    • Home
    • About Us
    • Commodity News
    • Price Information
    Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
    To find out more, including how to control cookies, see here: Cookie Policy
    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

    Related Posts

    Coal, Commodities

    Coal shortage now at alarming levels, say aluminium producers

    With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Aluminium Association of India (AAI) has urged the union coal ministry for immediate resumption of adequate coal rakes for the highly power-intensive Aluminium industry. In its representation to the Ministry, the AAI has lauded […]

    Coal, Commodities, Power Markets

    Coal Shortage Crisis: 15 Of 135 Power Plants Have Zero Days Of Stock

    Concerns on coal have also come from political quarters, as Power Minister RK Singh describes the situation as “touch and go” By – Mohammed Kudrati | Boom Live India is running perilously low on coal for thermal power generation, shows data from the Central Electricity Authority. According to their daily release on coal stocks through […]

    Coal, Commodities, Power Markets

    China Energy Crunch Triggers Alarm, Pleas for More Coal

    By David Stanway | Reuters As a severe power crunch roils China’s northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing. With electricity shortages sparked by scant coal supply crippling large sections of industry, […]

    London Commodity Brokers Ltd.
    © London Commodity Brokers Ltd.