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Stock impact report

Vale dam disaster partially caused by excess water, panel report says [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Vale dam disaster partially caused by excess water, panel report says SAO PAULO (Reuters) - A disaster at one of Vale SA’s tailings dams earlier this year that killed at least 255 people was partially triggered by “a persistently high water level” that caused the dam to lose its strength, according to a report by a panel of experts appointed by Vale’s legal advisers. The report, released by Vale on Thursday, said there was no warning that the dam was unstable, and that no seismic activity or explosions in the area were recorded on the day the dam burst in late January. The Brumadinho disaster came less than four years after another dam collapse at a joint venture between Vale and BHP Group in the same region, an accident that experts also blamed on water weakening the solid materials composing the dam so that they behave more like a liquid - a phenomenon known as liquefaction. While prior experience indicates that tailings dams rarely collapse because of a single cause, the disaster i Show less Read more
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