Skip to content
Monday 10 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,872.18
-0.27%
DAX
26,373.28
+0.20%
CAC 40
8,697.47
-0.20%
STOXX 50
6,533.09
+0.14%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Sunday 24 March 2019 3:09 pm  |  Updated:  Monday 03 June 2019 1:22 am

Another Vale dam on the brink of collapse, says auditor

Brazilians have been forced to evacuate their homes after independent auditors found that another dam run by iron miner Vale is on the brink of collapse.

The mining waste dam in the city of Barao de Cocais, was declared unsafe just two months after a similar dam in the same state burst, killing hundreds.

Read more: London miners push FTSE 100 higher as Vale shuts mine

The company has raised the risk level to three, the highest grade, meaning that “a rupture is imminent or already happening,” the Associated Press reported.

Vale said it had activated a warning siren after auditors found that the dam was “at imminent risk of rupture.”

It had already evacuated people in the immediate area in the weeks following the first dam collapse, however this weekend it expanded the evacuation zone.

The dam is one of those scheduled for decommissioning after the Brazilian government banned the use of so-called upstream tailings dams.

Tomorrow marks two months since the initial collapse at the Brumadinho mine in Minas Gerais state.

Read more: Vale 'fired' inspector who refused to certify deadly Brazil dam

Over 300 people are either dead or missing after the dam burst, releasing a slurry of mining waste over local communities and Vale workers.

Iron prices have soared since the disaster, while the international mining community has responded by calling for increased safety standards.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Markets

Related Topics

Trending Articles

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Hargreaves Lansdown orders staff back to office

  • PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move

  • FTSE 100 Live: Stocks drop as US-Iran peace stalls; Oil climbs higher

More from Morning Wire

  • On this day: the birth of press freedom

    Opinion
    Black and white illustration of the Crown v. Zenger trial, featuring lawyers and observers in a courtroom.
  • City law firms considering corporate-style models amid capital crunch

    Law
    Skyline of Canada financial district with modern skyscrapers and historic landmarks under a clear blue sky
  • EY and London managing partner fined over £1.3m for audit failure

    Big Four
    EY London headquarters building exterior on a sunny day, showcasing modern architecture in the citys business district
  • Argentina’s already beating England… on economic freedom

    Opinion
    Javier Milei delivering a passionate speech at a political rally, gesturing emphatically with supporters in the background
  • Financial services bankruptcies rise as MFS collapse ripples through sector

    Advisory
    Breaking news banner with bold headline and abstract background for a general news article on a business website.
  • Harvey Nichols will collapse without rescue deal, directors warn

    Retail
    Exterior view of the Harvey Nichols luxury department store building facade with prominent black lettering and ornate arch...
  • It’s hard to picture a more nightmarish vision of our AI future than this

    AI
    Stack of diverse books showcasing various genres and authors, illustrating the articles focus on literary diversity and tr...
  • Barclays in legal battle with MFS administrators over part of £160m holding

    Banking
    Barclays bank exterior with logo as it announces mortgage rate cuts amidst upcoming interest rate decision.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook