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In addition to setting global standards for the construction and inspection of tailings dams, the ICMM panel will also study ways to require so-called dry-stack tailings, where water is removed before tailings are stored, thus bolstering a dam’s safety. That likely can happen relatively soon, the ICMM said. Longer term, ICMM said that in situ mining - in which an acid is pumped underground to leach out copper and other minerals - could become the industry standard, thus eliminating the need for tailings dams entirely.
“We absolutely agree that a fundamental change is required in the industry’s collective approach to safe tailings management,” said BHP CEO Andrew Mackenzie at the BMO Metals & two tone framed rectangle cufflinks Mining Conference in Florida, where the ICMM approved the panel’s formation, The new standards to be set by ICMM will apply to all members, regardless of location, Past practices favored a more tailored approach, The Vale disaster “led us to reconsider how we look at tailings dams and acknowledge we need a step-change,” said Tom Butler, ICMM’s CEO..
RIO DE JANEIRO (Reuters) - A manager at Brazilian iron ore miner Vale SA told authorities that the company’s executive board knew there had been a “decrease in security” at the dam that burst in January, killing hundreds, according to a newspaper report on Tuesday. The manager told authorities he had discussed the dam with his superiors, a columnist at newspaper Folha de S.Paulo reported, without saying how the information was obtained. Vale denied the report, saying that none of the company’s managers had made statements on a decrease in security at the dam, nor had they said that the company’s board received information suggesting an imminent risk to the structure.
Technical evaluations of the dam had not indicated an immediate risk that it two tone framed rectangle cufflinks would burst, Vale said in a statement, In the month since the dam burst in the town of Brumadinho, likely killing over 300 people, prosecutors and media have raised questions about the security measures that were in place to prevent such a burst, Earlier in February, Reuters reported that internal Vale documents showed the dam had an elevated risk of rupture, The newspaper report did not name the manager or give further details on his or her testimony..
NEW YORK (Reuters) - U.S. President Donald Trump’s decision to delay raising tariffs on $200 billion worth of Chinese goods has helped push global stock markets broadly higher as investors hope for a resolution in the trade war between the world’s two largest economies. Yet some U.S.-based fund managers from firms including Wells Fargo Asset Management, Causeway Capital Management and Janus Henderson Investors say they are becoming more bullish on China regardless of whether a trade agreement is reached over the next few months.
That is because China has responded to the threat of escalating trade tariffs by increasing its monetary and fiscal stimulus, softening the potential blow as its economic growth rate falls to the slowest pace in 28 years, China’s central bank has cut the reserve requirement ratios for commercial banks, making lending easier, while tax cuts and increased infrastructure spending are expected to bolster the economy, China’s banks made a record two tone framed rectangle cufflinks $477 billion in new loans in January, “The stimulus Chinese officials have started to drip-feed to the economy will likely result in a confluence of positive sentiment and positive growth surprises,” said Brian Jacobsen, senior investment strategist at Wells Fargo Asset Management..
At the same time, Chinese stocks - which fell into a bear market last year in part because of the trade tariffs - offer more compelling value than other emerging markets countries, said Arjun Jayaraman, a portfolio manager of the $4.5 billion Causeway Emerging Markets fund, which has gained 14.2 percent a year over the last three years, according to Morningstar. “A lot of negative views are still in the market, but some of the more draconian fears about a continued lack of credit in the economy have been somewhat assuaged,” he said. “We’re seeing more lending to the private sector and higher quality growth.”.
As a result, Jayaraman’s fund has been increasing its stake in consumer-focused internet plays such as Tencent Holdings Ltd and Alibaba Group Holdings Ltd, along with banks and property companies, Not all investors are excited about the return of stimulus, Singapore-based Yoojeong Oh, investment director at Aberdeen Standard Investments, which manages over $700 billion in assets, said the move away from deleveraging two tone framed rectangle cufflinks the Chinese economy “is a worry for us.” Yet she remains bullish on Chinese equities because her portfolio is focused chiefly on spending by Chinese consumers..
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