A group of investors managing more than $25 trillion said they plan to challenge mining companies that have not yet committed to a tailings dam best-practice standard and may vote against management at upcoming annual meetings. The Investor Mining and Tailings Safety Initiative was launched in August 2020 in response to the Brumadinho disaster in Brazil where 270 people were killed when a tailings dam collapsed. So far 77 listed mining companies, including the world's largest BHP and Rio Tinto, have signed up to a tougher code of conduct.
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