Brazilian mining sector outlook murky after Vale dam accident

By IM Staff
Published: Wednesday, 13 February 2019

The outlook for the Brazilian mining industry has become very murky following a major accident in one of Vale’s mines and the consequent increased scrutiny on operations by authorities, according to analysts.

By Renato Rostás

After Vale, the world’s largest iron ore producer, announced it would be taking 40 million tonnes per year (tpy) off its output to decommission older tailings dams, local regulators canceled the license for an additional dam used in an unrelated mine, cutting a further 30 million...

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