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Brazil court convicts mining company Vale in deadly dam rupture

From cbc.ca

A Brazilian state judge on Tuesday convicted mining company Vale SA for damages caused by the deadly rupture of a tailings dam in January that killed at least 240 people. Judge Elton Pupo Nogueira ruled that Vale is responsible for fixing all the damages, although he did not set a monetary value for compensation, the Minas Gerais state court said on its website. It "is still not possible to quantify solely by technical-scientific criteria," the statement said. The value "will not be limited to the dead, but also effects on the local and regional environment, in addition to economic activity in the affected ... (full story)

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  • Category: Fundamental Analysis