Brazilian mining sector outlook murky after Vale dam accident
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...