BHP 0.72% $40.36 bhp group limited

Vale confirms tailings dam break at Feijao mine, echoing 2015...

  1. 2,271 Posts.
    lightbulb Created with Sketch. 239
    Vale confirms tailings dam break at Feijao mine, echoing 2015 Samarco disaster

    Brasilia | Police and firemen were searching for about 200 people missing after a tailings dam burst on Friday at an iron ore mine owned by Brazilian miner Vale in southwestern Minas Gerais state.
    Among those missing were 100 employees who were having lunch in the dam's administrative area when a torrent of sludge and water hit it, fire brigade spokesman Lieutenant Pedro Aihara said. There was no immediate word of fatalities.
    "Our main worry now is to quickly find out where the missing people are," Aihara said on GloboNews cable television channel. He said two lower dams gave way after the bigger one burst.

    More than 300 staff were in the area, and about 100 had been accounted for, Vale's CEO said. The mine's lunchroom was buried by debris; the accident occurred during lunch time, he also said. Bruno Correia\AP
    Scores of people were trapped in nearby areas flooded by the river of sludge released by the dam failure.
    US-listed shares of Vale tumbled as much as 10 per cent after the incident, the second major accident at a tailings dam in Minas Gerais in the past three years.
    Vale CEO Fabio Schvartsman said the dam burst was an "enormous tragedy", adding that most of the victims were company employees. More than 300 staff were in the area, and about 100 had been accounted for, he also said. The mine's lunchroom was buried by debris; the accident occurred during lunch time, he also said.
    Schvartsman said the dam that burst was being decommissioned and hadn't been used for three years. He said a second dam had overflowed. As of yet, the company had no idea why the dam burst, he also said.
    The iron ore mining region is still recovering from the collapse of a larger dam in 2015 that killed 19 people. That dam, owned by the Samarco Mineracao venture between Vale and BHP Billiton, buried local homes in Brazil's worst environmental disaster.
    Schvartsman said the environmental damage from the latest accident could be less than Samarco's, though the human cost greater.

    A road is blocked after a dam collapsed near Brumadinho, Brazil. Leo Drumond\AP
    The mud from Friday's dam burst also hit parts of the local community Vila Forteco, near the town of Brumadinho, authorities said. Families have been told to evacuate homes in low-lying areas, they said.
    Helicopters plucked people covered in mud from the disaster area, including a woman with a fractured hip who was among eight injured people taken to hospital, officials said.
    Television reports showed people running away as the dam broke and nearby fields with bean crops destroyed by packed mud.
    Aihara said the torrent of mud stopped just short of the local Paraopeba river, a tributary of the Brazil's longest river, the Sao Francisco.
    Reuters
 
watchlist Created with Sketch. Add BHP (ASX) to my watchlist
(20min delay)
Last
$40.36
Change
0.290(0.72%)
Mkt cap ! $203.9B
Open High Low Value Volume
$40.02 $40.61 $39.93 $213.6M 5.291M

Buyers (Bids)

No. Vol. Price($)
6 46059 $40.35
 

Sellers (Offers)

Price($) Vol. No.
$40.37 15988 1
View Market Depth
Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
BHP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.