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The U.S. Securities and Trade Fee at this time charged Vale, Brazil’s greatest mining firm and a worldwide chief in iron ore manufacturing, with “making false and deceptive claims concerning the security of its dams previous to the January 2019 collapse of its Brumadinho dam.” The SEC filed a Wells discover informing Vale of investigations in October 2021.
On January 25, 2019, a tailings dam owned by Vale collapsed outdoors the southeastern Brazilian city of Brumadinho, releasing a deluge of poisonous sludge that destroyed surrounding villages and killed 270 folks, amongst them staff of Vale’s Córrego do Feijão iron…
Entry all of The Brazilian Report
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