Vale knew about sensor problems at dam before burst – Globo TV
Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, 2 days before the disaster.
Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, 2 days before the disaster.
Creditors rejected Samarco’s offer to treat the injections as senior or pari-passu debt.
The cut in output forced Vale to declare force majeure in iron ore and pellets contracts on Tuesday.
Vale has come under intense public pressure since the Jan. 25 dam burst, with some politicians and prosecutors calling for criminal prosecution and a management shakeup.
The problem for miners is convincing an increasingly sceptical public of how necessary their industry is.
Iron ore prices have surged since the disaster, hitting a nearly two-year high on Monday.
Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year
A video shows the exact moment when a dam at Vale’s Córrego do Feijão mining complex burst.
Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil's second largest mine, behind Vale’s Carajás.
We need to closely watch Vale's overall output and how it will impact on iron ore markets going forward.