An independent investigation requested by Brazilian iron ore miner Vale SA into ...
BRASILIA/RIO DE JANEIRO - An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster that killed 270 people a year ago found the company knew about the problem but failed to deal with it.
But steps taken to deal with the structural problem and heighten the dam’s security were limited and ineffective, the report said. In January, state prosecutors charged Fabio Schvartsman, the chief executive at the time of the burst, with homicide. A Brazilian state judge last week accepted the charges.
Vale said in a securities filing that it has already addressed most of the issues mentioned in the recommendations with numerous steps to improve its internal controls.The report said that studies in 2016 had determined the dam was in “fragile” condition, and subsequent 2017 studies determined its state was “barely marginal.”
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