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Tuff-Stuff

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Tuff-Stuff

Re: Tuff-Stuff post# 572677

Friday, 11/06/2015 5:54:17 AM

Friday, November 06, 2015 5:54:17 AM

Post# of 648882
Yesterday>An iron ore tailings dam owned by a joint venture between BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) burst in southeast Brazil today, flooding a valley and devastating a rural community, Bloomberg reports.

A local hospital confirms one death, while a mining workers union claims at least 15 fatalities

The extent of damage is sure to place a spotlight on an operation that produced 25M metric tons of iron ore pellets last year; an extended stoppage would help reduce a global iron ore glut that has pushed down prices by 32% YTD.

Pray for A Pain Free Day!

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