Brazil Bans Upstream Tailings Dams at Mines, an Industrial Info Market Brief
Mine-waste tailings dam consulting, engineering and construction firms are sure to benefit from this week's announcement by the Brazilian government that it is banning new upstream mining dams and has ordered the decommissioning of all related dams by 2021. This is in response to Brazilian mining giant Vale's tailings dam failure in Minas Gerais state, where the official death toll was 169, with 141 people still missing, according to news media accounts. Iron ore prices have increased by about 17% since the tragedy. Almost half of Brazil's 258 operational mines are located in Minas Gerais, according to Industrial Info's Global Market Intelligence Platform.
