Drill and Deal

News / 2019

· ESG, Iron ore

Vale’s Brumadinho dam collapses

A tailings dam at Vale’s Córrego do Feijão mine in Brazil failed, killing about 270 people. Vale said the collapse happened too fast for warning sirens to sound.

Aerial view of the mudflow left by the collapse of Vale’s tailings dam at Brumadinho
Photo: Ibama from Brasil, CC BY-SA 2.0

Why it matters. The disaster led to the 2020 GISTM tailings standard and changed how investors value mining risk.

Source
Al Jazeera
In the course
Module 10: Risk and jurisdiction