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MONEYWEB app instead? Vale tailings dam at imminent risk of rupture, authorities say The worldâs second-largest iron-ore producer has grappled with the fallout from two deadly dam collapses over the past six years. By Mariana Durao, Bloomberg 10 Jun 2021 08:48 Image: Bloomberg A Vale SA tailings dam near the site of a deadly disaster in 2015 runs the imminent risk of rupture, according to Brazilian authorities. Thereâs a âserious and imminent risk of rupture due to liquefaction of the dam structure, with the potential for workers getting buried,â government inspectors said in a report Wednesday. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process. ....
BHP and Vale’s Samarco hit with nearly $ 1 billion suit The collapse of the Fundao tailings dam in 2015 killed 19 people and polluted hundreds of miles of rivers. ( Image: Agência Brasil Fotografias.) BHP (ASX, LON, NYSE: BHP) and Vale’s (NYSE: VALE) beleaguered Samarco joint venture in Brazil has been hit with an almost $1 billion lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt. The claim, filed in October last year by the Bank of New York Mellon on behalf of noteholders, states the $898 million sought from Samarco is made up of the $700 million principal of the notes the plaintiff holds, eight interest payments missed totalling $161 million, and other charges. ....