TORONTO - Brazil’s mining minister on Tuesday defended iron ore miner Vale SA as vital to the country’s economy, even after prosecutors accused the company of pressuring auditors to suppress evidence that its Brumadinho dam was unstable, months before the dam collapsed in January, killing hundreds.
The January disaster was the second deadly burst in less than four years in Brazil at a Vale-controlled tailings dam, a type of dam that stores the muddy detritus of the mining process. On Friday, Brazilian prosecutors alleged that Vale fired an inspection firm months before the disaster because it refused to certify one of its dams as safe. Albuquerque acknowledged the severity of the allegations.
“I think they will learn the lessons and they will succeed in overcoming this situation,” Albuquerque said.
Vale may be important to the Brazilian economy but their executives are corrupt. Paying off engineering studies is as corrupt as you can get.
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