Economy

Brazilians want Vale to pay for Brumadinho dam collapse

Little more than three years separate Brazil’s two worst environmental disasters. In 2015, a dam collapse in Mariana killed 19 people, wiped entire towns off the map, and left environmental impacts so great that its consequences are still being felt by neighboring areas. Then, on January 25, 2019, another dam collapsed — just 90 kilometers away from the first. This time, at least 134 people were killed (and 199 remain missing).  If the Mariana disaster didn’t leave any lessons for Vale —the owner of both failed dams—Brazilians expect that to change.

People are calling for harsher punishments on the company and especially its board members. For 65.7 percent of Brazilians, Vale—the world’s largest nickel and iron ore producer—should lose its operational license.

That’s a blow to a company that, just a handful of years ago, was a symbol of pride for...

Natália Scalzaretto

Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Before joining The Brazilian Report, she worked as an editor for Trading News, the information division from the TradersClub investor community.

Recent Posts

Market Roundup: The new skills corporate board members need

The months of April and May see the biggest changes in publicly listed companies, with…

51 mins ago

As elections near, what’s next for Panama’s closed copper mine?

Panama will hold its presidential elections on Sunday, months after huge protests saw thousands descend…

1 hour ago

Madonna concert to inject BRL 300 million into Rio economy

The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…

19 hours ago

Panama ready to vote as Supreme Court clears frontrunner

Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…

20 hours ago

Sabesp privatization edges closer with São Paulo legislation

The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…

23 hours ago

Brazil’s AI regulation gets first draft to guide upcoming debates

The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…

24 hours ago