Articles for tag: BHP, deal, disaster, Mariana, Samarco, seek, Vale

April 24, 2024

Ron Finklestien

mining

Vale, BHP, and Samarco seek new deal on Mariana disaster

The collapse of the dam in Mariana left 19 dead when approximately 40 million cubic meters of mining waste destroyed communities and contaminated the Doce River.  It was the biggest environmental disaster ever in Brazil. Negotiations for reparation for the environmental disaster resumed this week after the Brazilian government and the states rejected the value of R$40 billion ($7.75 billion) offered by the companies in December. The government and the states are demanding approximately R$120 billion ($23.3 billion). To this day, none of the 12 lawsuits regarding the disaster have been judged. According to the Federal Public Prosecutor’s Office (MPF), the

March 19, 2024

Ron Finklestien

mining

Legal Battle Brews as Vale Faces $3.8 Billion Lawsuit Following 2015 Dam Disaster

Multiple Individuals and Entities Seek Redress The aftermath of the 2015 dam disaster in Brazil’s Fundão mining waste facility continues to haunt Vale as the mining giant faces a fresh lawsuit amounting to $3.8 billion. Pogust Goodhead, representing a sizable cohort of 77,000 individuals, close to 1,000 businesses, and seven municipalities, has taken legal action against the company. This legal move is reminiscent of the ongoing UK case against BHP, adding another layer to Vale’s legal woes. Expanding Ripple: The Lingering Shadow of Tragedy The catastrophic rupture in November 2015 claimed 19 lives and left a trail of environmental devastation

January 25, 2024

Ron Finklestien

mining

Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages

Reparation and Cleanup Efforts Vale and BHP’s Samarco, which had been closed for five years, were focused on reparations, compensations, and clean-up efforts during that timeframe. Following several lawsuits and site inspections, the miner reopened Mariana Complex in December 2020 after ensuring its safety. Challenges and Shortcomings Brazilian prosecutors revealed that the Renova Foundation, established by the mining companies for damage reparation, failed to fulfill its commitments, creating additional challenges. Samarco announced the development of an enhanced security system in 2020, incorporating a monitoring and inspection center.

January 9, 2024

Ron Finklestien

mining

Epiroc and Vale Canada partner to strengthen safety safety processes

Epiroc and Vale Canada partner to advance safety processes Epiroc and Vale Canada Join Forces for the Future The collaboration between Epiroc and Vale Base Metals signals a new era in mining safety, with a shared vision to drive innovation and set higher safety standards without sacrificing productivity. Sarah Hoffman, Epiroc’s Vice President of Sales and Marketing for the underground division, expressed excitement about the collective commitment to revolutionize safety in the mining industry. Vale Base Metals is poised to integrate Epiroc’s cutting-edge technology and digital advancements in underground operations, aiming to eliminate direct human presence in hazardous areas such