U.S. Securities and Exchange Commission lawsuit against Vale related to the Brumadinho tailings dam failure three years ago is a reminder that the total consequences for the catastrophe are still being tallied.
Increased prices for fossil fuels have shifted the conversation, potentially benefitting oil and gas projects in Africa as importers scramble to diversify supply chains away from Russia.
The Chinese company signed a 50-year contract with the central African government to exploit the Lobe deposit, which contains an estimated 632.8 million tonnes of iron ore.