Vale dam-break trauma raises level of ESG funds in Brazil
The company's second lethal dam disaster in three years was a formative moment for ethical investment in Brazil.
The company's second lethal dam disaster in three years was a formative moment for ethical investment in Brazil.
A mining waste dam burst in 2015 at BHP and Vale's Samarco joint venture in the town of Mariana, releasing a torrent of sludge that killed 19 people.
Roughly 150 demonstrators staged a sit-in at the Brazilian miner's administrative building in Brumadinho.
Vale has the option to acquire two additional Cu-Au projects in the Timok region.
Iron ore exports totaled around $8 billion, 62% higher than in Q2.
Company produced more iron ore than expected last quarter amid a record haul at its newer mines in northern Brazil.
Company produced 88.7 million tonnes of iron ore in Q3, up 31.2% from the previous quarter and up 2.3% from the same period a year before.
The company is already producing 1 million tonnes of iron ore daily.
The mine was placed on care and maintenance in 2017 after 100 years of operations.
The quarterly output represents a 72% increase in silver production and a 63% growth in gold output over the prior quarter.
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