On January 25, 2019, there was a deadly dam collapse at the Corrego do Feijao mine near the city of Brumadinho in the state of Minas Gerais, Brazil. The breach caused the deaths of at least 65 people and authroties are concerned that casualties from the breach could exceed 300.
TRT World — a Turkish public broadcast service — recently interviewed Dr. Remi Piet, director of AMI’s Natural Resources and Infrastructure practice. The interview references Dr. Piet’s extensive writings about mining risks in LatAm (which include a whitepaper published in October 2018) and explores:
- Possible driving factors in the collapse
- The role of the Brazilian government in handling this incident, both federal and state
- The possible consequences for Vale outside of the US$66 billion fine imposed
You can view the entire interview below: