We have read a great number of articles related to the true cost of the failure of Samarco dam. However, only recently we saw the Samarco dam disaster cumulative damages effects actually detailed (see below). The dam failed in November 2015, killing at least 19 people, making 700 people homeless, and polluting hundreds of miles of Rio Doce river, all the way to the Atlantic Ocean. In its annual report, just filed last week, BHP Billiton detailed what the true…
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The short movie below was uploaded in March 2014 (the course was given in Brazil in the Fall 2013). The course was given to over forty Engineers and Technicians in charge of various mines and tailings dams in Brazil. It was followed by a conference we gave at the university of Minas Gerais. Now the catastrophe has occurred. The physical, reputational and social damages are clear to anyone. Let’s see if the Brazilian legal system will actually follow through with…
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Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes In the last couple years the mining world has been shaken by a series of large “sour deals”. Among these “deal failures” consequences we can note the following “corporate casualties”. Here is a Summary of deal failures and their consequences in the mining industry vs. environmental catastrophes: Cynthia Carroll CEO of Anglo American said she would quit in Fall 2012. Not long after Marius Kloppler, the…
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