Hundreds evacuated in Brazil over safety fears at another of Vale’s dams

Brazilian mining giant Vale (NYSE:VALE) is evacuating around 500 residents from a rural town near a dam area at its Gongo Soco mine, located in the same state where a dam collapse last month killed at least 157 people, with nearly 200 still missing and feared dead.

In a Friday statement, the Rio de Janeiro-based miner said the move had been ordered by the country’s mining agency (ANM) after local consulting firm Walm refused to corroborate the safety of the dam, in the city of Barão dos Cocais.

Vale said it is increasing inspections in the area and bringing foreign experts to “re-evaluate the situation.”

More to come…

Click here for complete coverage of the dam burst at Vale's Córrego do Feijão mine.

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