Vale News

Vale Faces $3.8 Billion Claim in Dutch Case Over Mariana Dam Break in Brazil

Victims of the 2015 Mariana dam break in Brazil are seeking about 3 billion pounds ($3.8 billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands, their lawyers said on Tuesday. The compensation …

Brazil Orders Vale, BHP and Samarco to Pay $9.7B in Damages for 2015 Dam Disaster

A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6 billion reais ($9.67 billion) in damages for a 2015 tailings dam burst, according to a legal decision on Thursday seen by Reuters. …

Vale-BHP Talks With Brazil on Mine Disaster Compensation Delayed

Talks over a multibillion-dollar settlement for a 2015 mining disaster at an iron ore venture of Vale SA and BHP Group have been suspended by a Brazilian court until early 2024 after the companies and authorities in the country failed …

Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case

Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster. More than 720,000 Brazilians are suing BHP, …

Mining Giants BHP, Vale Face Off in London Court Over Brazil Dam Damages

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 720,000 Brazilians …

Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures

Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. …

Brazil Fines Vale $16.9M for Lack of Reliable Details About Collapsed Tailings Dam

Vale SA was fined 86.3 million real ($16.9 million) for not giving Brazil’s mining regulator accurate information on the conditions at a tailings dam that collapsed three years ago, killing 270 people in the deadliest mining disaster in the country’s …

SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams

The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale for allegedly making false and misleading disclosures about the safety of its dams ahead of a 2019 disaster that killed 270 people. Beginning in 2016, Vale manipulated …

Brazilian Miners Likely to Miss Legal Deadline for Removal of Tailings Dams

Vale and other Brazilian mining companies are set to miss a legal deadline in the state of Minas Gerais for the removal of all tailings dams built using a method linked to past collapses, and the industry is seeking to …

London Court of Appeal Agrees to Reopen $7B Brazil Dam-Collapse Lawsuit Against BHP

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. Lawyers for one …