Vale News

BHP, Vale Reach $30 Billion Brazil Settlement for Dam Disaster

BHP Group and Vale SA have signed a 170 billion-real ($29.8 billion) settlement with Brazil over the deadly Mariana dam collapse in 2015 at their iron ore joint venture. The settlement, which includes 38 billion reais, or about $6.7 billion, …

Dam Disaster Deal Should Curb Lawsuits Against Vale And BHP, Sources Say

An agreement by Vale, BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South …

Vale Faces $3.8 Billion Dutch Lawsuit Over Brazilian Dam Collapse

Vale SA is set to face a fresh legal front over a catastrophic Brazilian dam collapse in 2015 after thousands of victims sued the company in a Dutch court in a claim that could cost the mining giant £3 billion …

BHP, Vale in London Court Confrontation over Brazil Dam Damages

LONDON –– Mining giants BHP Group and Vale faced off in a London court on Wednesday over who should accept legal and financial responsibility in a potential 36 billion pound ($47 billion) lawsuit stemming from Brazil’s worst environmental disaster. Around …

Miner BHP Potentially Faces $44B Bill in Brazil Dam Case

LONDON –– Mining group BHP Group is potentially facing a 36 billion pound ($44 billion) lawsuit in London over Brazil’s worst environmental disaster after the number of claimants more than tripled to 700,000, their lawyers said on Wednesday. BHP was …

All Workers Safe After Rescue Out of Mine in Canada

SUDBURY, Ontario (AP) — The last four miners trapped deep below the surface in the Totten Mine climbed to safety early Wednesday, the company that owns the mine near Sudbury, Ontario, said. Vale said the 39 workers trapped by an …

London Judges Reverse Course to Reopen $7B Brazil Dam Lawsuit Against BHP

LONDON — London’s Court of Appeal made a U-turn on Tuesday by agreeing to reopen a $7 billion lawsuit by 200,000 claimants against Anglo-Australian mining giant BHP , reviving a case over a dam rupture behind Brazil’s worst environmental disaster. …

UK Court to Reconsider $6.9B Brazil Dam Lawsuit Against BHP

LONDON — London’s Court of Appeal will hear a request to revive a 5 billion pound ($6.95 billion) lawsuit against Anglo-Australian mining group BHP over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed …

Upstream Tailings Dams Pose Much Higher Stability Risks, Study Finds

The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques which some countries have banned. …

TÜV SÜD Faces Group Claim In Germany Over 2019 Brazil Dam Collapse

LONDON — German industrial inspector TÜV SÜD is facing a claim for “significant damages” in the first civil lawsuit on German soil over its alleged role in the deadly collapse of a dam in Brazil two years ago. A group …