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Brazil court freezes further $1.3 billion in Vale accounts over dam burst

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A state court in Brazil on Sunday blocked 5 billion reais ($1.33 billion) in Val...

 

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SIEMENS has a very large presence in Brazil for which one of their core capabilities is providing sensors for things like earth dams and tributaries. They offered this solution in Europe alerting population of impending floods.

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Second Vale dam burst in Brazil likely to curb mining risk appetite'This calls into question the financial viability of Vale going forward because of the sheer scale of their potential liabilities,' said a lawyer at SPG Law. Vñnnnhol
Source: NBCNews - 🏆 10. / 86 Read more »