Drill and Deal

News / 2015

· ESG, Iron ore

Samarco tailings dam fails at Mariana

The Fundão dam at Samarco, a Vale and BHP joint venture in Brazil, collapsed, killing 19 people and polluting the Doce river. Compensation claims are still being settled years later.

Bento Rodrigues, the village destroyed by the Samarco dam failure in 2015
Photo: PhotoBilliam, CC0

Why it matters. A tailings failure can create liabilities for decades, which is why acquirers now audit dams first.

Source
Wikipedia
In the course
Module 10: Risk and jurisdiction