Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Civil Defense agents from the city of Sarzedo, in Greater Belo Horizonte, Brazil, are carrying out inspections after a landslide of part of a slope on Itaminas iron ore project.
According to the Fire Department, workers were carrying out soil removal work and there was a landslide about 1 km from one of the dams.
According to the company, the debris hit a truck, a backhoe, and a car but there was no one inside the cars at the time of the accident.
On Twitter, journalist Gabriel Moraes shared a video of the moment of the accident.
Esse vídeo dá uma melhor dimensão sobre a situação, que parece não ter sido tão grave como se imaginava. Impossível não ver a primeira imagem e não lembrar de Brumadinho pic.twitter.com/Q8xJCijbyY
— Gabriel Moraes (@gabrieumoraes) August 9, 2021
Itaminas complex is close to Córrego do Feijão, in Brumadinho, where a Vale dam failure killed 270 people in 2019.
According to Itaminas, there was no environmental damage or any damage to the company’s dam in the region.
