Fallout from Money Laundering Scandal Continues as Fines Loom for Swedbank July 17, 2019 By Frances Schwartzkopff Swedbank AB acknowledged it will no longer be able to live up to its goal of paying out one of...
Mining Firm Vale Must Fix All Damages from Deadly Dam Collapse: Brazil Court July 10, 2019 A Brazilian state judge on Tuesday convicted mining company Vale SA for damages caused by the deadly rupture of a...
Global Mining Firms Reveal Safety Plans for Tailings Dams After Deadly Brazil Disasters June 10, 2019 By Shriya Ramakrishnan and Sangameswaran S. Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought...
Vale’s Gongo Soco Mine Tailings Dam Faces 10%-15% Risk of Collapse: Brazil Official May 21, 2019 Brazilian miner Vale‘s tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15%...
Brazil’s Vale Warns Another Mine Tailings Dam at Risk of Collapse May 17, 2019 By Marta Nogueira Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk...
Brazil’s Vale to Invest $2.5B in Technology to Prevent Mining Dam Disasters: Reuters May 10, 2019 By Marta Nogueira Brazil’s Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that...
Mining Giant BHP Faces $5B Damages Claim over 2015 Brazil Dam Disaster May 8, 2019 By Kirstin Ridley and Barbara Lewis Anglo-Australian mining giant BHP is facing a landmark, $5.0 billion damages claim in England for being “woefully negligent” in the...
VW’s Porsche Unit to Pay $599M to End German Probe into Rigged Diesel Engines May 8, 2019 By Karin Matussek and Christoph Rauwald Volkswagen AG’s Porsche sportscar unit agreed to pay 535 million euros ($599 million) to end a probe into rigged diesel...
Ex-Executives at French Telecoms Group Orange on Trial over Wave of Staff Suicides May 6, 2019 By Emmanuel Jarry and Mathieu Rosemain Former bosses at leading French telecoms group Orange were due to go on trial on Monday over a series of...
Explaining Europe’s Growing Money Laundering Scandal April 8, 2019 By Francesco Guarascio The largest ever money laundering scandal in Europe is rippling through the region’s banks. It began in the Baltics and...