Police investigation finds BHP-Vale Brazilian venture at fault for dam collapse

Police investigation finds BHP-Vale Brazilian venture at fault for dam collapse

Officials also accused Vale, as the miner deposited its own mining waste into the dam that collapsed Nov. 5 Brazil's federal police have formally accused iron ore miner Samarco, a joint venture between Vale (NYSE:VALE) and BHP Billiton (ASX, NYSE:BHP), of deliberate misconduct in relation to a catastrophic dam failure that killed 19 people and polluted hundreds of miles of rivers last November.The official police seven-month investigation concluded that, for years, Samarco ignored clear signs the dam was at risk of failing, including cracks and drainage problems at the Fundão tailings dam that collapsed Nov. 5. Read more in article by Cecilia Jamasmie, mining.com

2016-06-13 12:07