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Vale presents the impact of its severe mining accident

Vale elaborates on the far-reaching consequences of the collapse of the dam in the company's Brumadinho mining complex at the beginning of the year, costing Vale billions and pulling large volumes of iron ore out of the market.

Photo: /ritzau/Andre Penner

The tragic mining collapse in Vale's Brumadinho mining complex in January, which cost the lives of over 100 people, has had far-reaching consequences for the company.

The CEO stepped down, the company has had several billion US dollars frozen by Brazilian authorities and a large share of Vale's iron ore production has hit a standstill, pressuring spot rates for the large capesize vessels.

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