New dam disaster puts Vale CEO, deals and dividends under scrutiny

A view of a tailings dam owned by Brazilian miner Vale SA that burst, in Brumadinho, Brazil January 26, 2019. REUTERS/Adriano Machado

SAO PAULO (Reuters) – When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world’s largest iron miner, turning the page on a tailings dam disaster that hit a small Brazilian town two years before: “Mariana, never again.” That and many of Schvartsman’s other big promises look destined […]

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