Brazil dam scrutiny, market impact will be far reaching: Cliffs CEO

摘要

Supply-side market impact will be far greater than the lost 8 million mt/ year production at Vale’s Feij?o iron ore mine in Brumadinho, Brazil, which suffered the devastating dam burst last Friday, according to Lourenco Goncalves, CEO of US-based iron ore miner Cleveland-Cliffs. “Scrutiny of tailings dams in Brazil is at an all-time high,” Goncalves told S&P Global Platts late Tuesday. “This will involve everything in Brazil — not just for Vale but other iron ore miners there.”