Dam Bursts at Vale Mine in Brazil
25 Janeiro 2019 - 3:57PM
Dow Jones News
By Jeffrey T. Lewis
SÃO PAULO -- Brazilian iron ore giant Vale SA said Friday a dam
burst at its Mina Feijão mining operation in the town of
Brumadinho, in the state of Minas Gerais.
Local and state authorities weren't immediately available to
comment on the accident. Brazilian news reports showed images of
mud-filled rivers and washed-out roads.
Vale said spillage from the dam reached the company's
administrative area and part of the community of Vila Ferteco, and
that rescue workers had been sent to the site.
A Vale spokeswoman said the company had no more information on
the situation at the mine, nor could she provide information on the
volume of matter that the dam had contained. The company's American
depositary receipts fell 12% to $13.08 in heavy volume after
initial reports of the accident.
Vale is half owner of Samarco SA, a mining operation whose
tailings dam in the state of Minas Gerais burst in 2015, killing 19
people and polluting hundreds of miles of rivers with iron-ore
waste.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
January 25, 2019 12:42 ET (17:42 GMT)
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