ArcelorMittal Expands Evacuation Area Around Brazil Mining Dam

Date : 07/04/2019 @ 3:36PM
Source : Dow Jones News
Stock : ArcelorMittal (MT)
Quote : 14.838  0.068 (0.46%) @ 4:40PM
ArcelorMittal share price Chart

ArcelorMittal Expands Evacuation Area Around Brazil Mining Dam

ArcelorMittal (EU:MT)
Historical Stock Chart

6 Months : From May 2019 to Nov 2019

Click Here for more ArcelorMittal Charts.
   By Nathan Allen 
 

ArcelorMittal (MT.AE) said Thursday that it has evacuated around 30 more families from two communities close to its Serra Azul mine in Brazil's Minas Gerais state, based on new analysis of a tailings dam.

As a precautionary measure ArcelorMittal said it has adopted more conservative assumptions over the potential impact zone if the dam were to collapse, leading the company to expand the evacuation area.

The steelmaker and iron-ore miner removed 200 people from the area in February after an independent review panel found it posed a safety risk. Since that time the company said it has stepped up its monitoring of the facility to include 24-hour surveillance and drone inspections.

The company said it plans to decommission the structure, which has been idled since 2012, once it concludes several interim measures to ensure the dam's safety.

Brazil's mining industry has been in the spotlight since the collapse of a tailings dam at a mine operated by Vale S/A (VALE3.BR) killed about 270 people in January.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

July 04, 2019 11:21 ET (15:21 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20191120 16:57:18