SÃO PAULO—Brazilian mining giant Vale SA could face a close to $7 billion fine if it is convicted of colluding with safety auditors to hide dangerous conditions at the mining tailings dam near Brumadinho that later collapsed, killing more than 180 people.
A person close to the investigation into the collapse said that the fine could reach 20% of 2018 revenue if the company is convicted under Brazilian anticorruption law, adding it is too soon to estimate how big the final fine will be. Brazilian investigators have said they...
Safety First!
like the Johnstown Flood, May 31, 1889. Interestingly it seems as though the steel mills didn't sustain much damage ... smokestacks still blowing
Not nearly enough.
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Behind Vale’s Deadly Dam Collapse: Multiple Warnings That Went UnheededFor months, signs of danger raised worries among inspectors about the safety of a giant mine-dam perched over a town in Brazil. And yet the safety firm, worried about losing business, blessed the structure. Prosecutors are now looking into collusion between Vale and the contract inspector. Please note that in 2016 a bigger tragedy happened and is still not solved. The victms of both Brumadinho and Mariana have no perspective of having their lives back due to the lack of responsibility from the company to the people. DARNIT WSJ! Who the heck uses the term 'scores' today. Is this the lazy journalists way of circumventing the job and uses a term to obscure the fact that the number of people killed is an unknown integer? Not to mention other dams are being “investigated” and the citizens around them are afraid and have no where else to go.
Source: WSJ - 🏆 98. / 63 Read more »
Behind Vale’s Deadly Dam Collapse: Multiple Warnings That Went UnheededFor months, signs of danger raised worries among inspectors about the safety of a giant mine-dam perched over a town in Brazil. And yet the safety firm, worried about losing business, blessed the structure. Prosecutors are now looking into collusion between Vale and the contract inspector. Please note that in 2016 a bigger tragedy happened and is still not solved. The victms of both Brumadinho and Mariana have no perspective of having their lives back due to the lack of responsibility from the company to the people. DARNIT WSJ! Who the heck uses the term 'scores' today. Is this the lazy journalists way of circumventing the job and uses a term to obscure the fact that the number of people killed is an unknown integer? Not to mention other dams are being “investigated” and the citizens around them are afraid and have no where else to go.
Source: WSJ - 🏆 98. / 63 Read more »