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Iron ore price, page-14373

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    @defabs They will pay. There will be multiple fines like this. They will pay everything in order to put this behind them quickly. Upstream tailings dams have already been banned in Brazil and Vale is decommisioning any active ones. I guess the big question is, will they keep operational mines close to the existing up-stream tailings dams closed. There were questions swirling around whether or not explosions at Brucutu mine actually triggered the collapse of the nearby Brumadinho dam. The daily explosions occured around 11am and the dam collapsed at about 12 midday. Vale denied there was any connection. As we know, Brucutu was closed from February, almost reopened.twice, then reopened again recently, probably as the Brumadinho dam is no longer a risk.
 
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