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Brumadinho Dam Disaster
The Brumadinho dam disaster occurred on 25 January 2019 when Dam I, a tailings dam at the Córrego do Feijão iron ore mine, east of Brumadinho, Minas Gerais, Brazil, suffered a catastrophic failure. The dam is owned by Vale, the same company that was involved in the 2015 Mariana dam disaster. The dam released a mudflow that advanced through the mine's offices, including a cafeteria during lunchtime, along with houses, farms, inns, and roads downstream. 270 people died as a result of the collapse, of whom 259 were officially confirmed dead, in January 2019, and 11 others reported as missing, whose bodies had not been found. Background According to the national registry of the National Mining Agency, the Córrego do Feijão dam, built in 1976 by the Ferteco Mineração and acquired by the iron ore miner Vale in 2001, was classified as a small structure with low risk of high potential damage. In a statement, the State Department of Environment and Sustainable Development reported ...
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Brumadinho
Brumadinho () is a Brazilian municipality in the state of Minas Gerais. The city belongs to the Belo Horizonte metropolitan mesoregion and to the microregion of Belo Horizonte. Brumadinho is at an altitude of 880 m. In 2020 the population was 40,666. The municipality is on the Paraopeba River. The Inhotim Museum of Contemporary Art, one of the most important art venues of Brazil, is in the city. The municipality contains part of the Serra do Rola-Moça State Park, created in 1994. History Brumadinho was settled in 1689. The Banda São Sebastião Musical Corporation, a symphonic band, was founded on May 13, 1929, by Tarcilio Gomes da Costa in Brumadinho. The municipality of Brumadinho itself was officially established on December 17, 1938. On January 25, 2019, the city was the victim of a tailings dam collapse that killed 270 people. The disaster released a mudflow that advanced over houses in a rural area near the city. See also * List of municipalities in Minas Gera ...
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Paraopeba River
The Paraopeba River is a river in the state of Minas Gerais, Brazil. In the Tupi language "Para" means "great river or sea," and "peba" means "flat," together meaning "flat river". The source of the river is situated south of the municipality of Cristiano Otoni, Minas Gerais. The mouth is at the Três Marias Dam in the municipality of Felixlândia in the same state. The length of the river is and its basin covers an area of and 35 municipalities. The most important tributaries are the Macaúba River, the Camapuã River and the Manso River (Minas Gerais). The Paraopeba River is one of the most important tributaries of the São Francisco River, ensuring the yearlong navigability of that river.Minas Gerais. Instituto Mineiro de Gestão das Águas (IGAM). ''Estudos das Metas De Qualidade Bacia Hidrográfica do Rio Paraopeba (2005)''. Disponível em: . Acessado em 27 de setembro de 2008. On 25 January 2019, the Brumadinho dam collapsed, resulting in exceedingly high heavy mineral le ...
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Fitch Ratings
Fitch Ratings Inc. is an American credit rating agency and is one of the " Big Three credit rating agencies", the other two being Moody's and Standard & Poor's. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975.551 History Fitch Ratings is dual headquartered in New York and London. Hearst owns 100 percent of the company following its acquisition of an additional 20 percent for $2.8 billion on April 12, 2018. Hearst had owned 80 percent of the company after increasing its ownership stake by 30 percent on December 12, 2014, in a transaction valued at $1.965 billion. Hearst's previous equity interest was 50 percent following expansions on an original acquisition in 2006. Hearst had jointly owned Fitch with FIMALAC SA, which held 20 percent of the company until the 2018 transaction. Fitch Ratings and Fitch Solutions are part of the Fitch Group. The firm was founded by John Know ...
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Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors whe ...
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Petrobras
Petróleo Brasileiro S.A., better known by the portmanteau Petrobras (), is a state owned enterprise, state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil. The company's name translates to Brazilian Petroleum Corporation — Petrobras. The company was ranked #181 in the most recent Fortune Global 500 list. In the 2020 Forbes Global 2000, Petrobras was ranked as the 65th-largest public company in the world.' History Petrobras was created in 1953 under the government of Brazilian president Getúlio Vargas with the slogan "The Oil is Ours" (Portuguese: "O petróleo é nosso"). It was given a legal monopoly in Brazil. In 1953, Brazil produced only 2,700 barrels of oil per day. In 1961, the company's REDUC refinery began operations near Rio de Janeiro, and in 1963, its Cenpes research center opened in Rio de Janeiro; it remains one of the world's largest centers dedicated to energy research. In 1968, the company estab ...
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B3 (stock Exchange)
B3 S.A. - Brasil, Bolsa, Balcão (in English, ''B3 - Brazil Stock Exchange and Over-the-Counter Market''), formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country. Its current form can be traced back to May 8, 2008, when the São Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F) merged, creating BM&FBOVESPA. On March 30, 2017, BM&FBOVESPA merged with CETIP, creating ''B3.'' The benchmark indicator of B3 is the Índice Bovespa, more commonly known as ''Ibovespa''. There were 418 companies traded at Bovespa as of March 2021. On June 7, 2021, the Ibovespa index reached its record market closing above 130,776 points. B3 also has offices in Rio de Janeiro, Shanghai, and London. History Founded on August 23, 1890 by Emilio Rangel Pestana, the "Bolsa de Valores de São Paulo" (São Paulo Stock Exchange, in English) has had a long history of services provided to the stock market and the Brazi ...
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Reais
The Brazilian real ( pl. '; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The real replaced the cruzeiro real in 1994. As of April 2019, the real was the twentieth most traded currency. History Currencies in use before the current real include: * The ''Portuguese real'' from the 16th to 18th centuries, with 1,000 ''réis'' called the ''milréis''. * The '' old Brazilian real'' from 1747 to 1942, with 1,000 ''réis'' also called the ''milréis''. * The '' first cruzeiro'' from 1942 to 1967, at 1 cruzeiro = 1 ''milréis'' or 1,000 ''réis''. * The '' cruzeiro novo'' from 1967 to 1970, at 1 cruzeiro novo = 1,000 first cruzeiros. From 1970 it was simply called the '' (second) cruzeiro'' and was used until 1986. * The ''cruzado'' from 1986 to 1989, at 1 cruzado = 1,000 second cruzeiros. * The '' cruzado novo'' from 1989 to 1990, at 1 cruzado novo = 1,000 cruzado ...
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Cadmium
Cadmium is a chemical element with the symbol Cd and atomic number 48. This soft, silvery-white metal is chemically similar to the two other stable metals in group 12, zinc and mercury. Like zinc, it demonstrates oxidation state +2 in most of its compounds, and like mercury, it has a lower melting point than the transition metals in groups 3 through 11. Cadmium and its congeners in group 12 are often not considered transition metals, in that they do not have partly filled ''d'' or ''f'' electron shells in the elemental or common oxidation states. The average concentration of cadmium in Earth's crust is between 0.1 and 0.5 parts per million (ppm). It was discovered in 1817 simultaneously by Stromeyer and Hermann, both in Germany, as an impurity in zinc carbonate. Cadmium occurs as a minor component in most zinc ores and is a byproduct of zinc production. Cadmium was used for a long time as a corrosion-resistant plating on steel, and cadmium compounds are used as red, orang ...
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Tailings
In mining, tailings are the materials left over after the process of separating the valuable fraction from the uneconomic fraction (gangue) of an ore. Tailings are different to overburden, which is the waste rock or other material that overlies an ore or mineral body and is displaced during mining without being processed. The extraction of minerals from ore can be done two ways: placer mining, which uses water and gravity to concentrate the valuable minerals, or hard rock mining, which pulverizes the rock containing the ore and then relies on chemical reactions to concentrate the sought-after material. In the latter, the extraction of minerals from ore requires comminution, i.e., grinding the ore into fine particles to facilitate extraction of the target element(s). Because of this comminution, tailings consist of a slurry of fine particles, ranging from the size of a grain of sand to a few micrometres. Mine tailings are usually produced from the mill in slurry form, which i ...
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Cubic Metres
The cubic metre (in Commonwealth English and international spelling as used by the International Bureau of Weights and Measures) or cubic meter (in American English) is the unit of volume in the International System of Units (SI). Its symbol is m3. Bureau International de Poids et Mesures.Derived units expressed in terms of base units". 2014. Accessed 7 August 2014. It is the volume of a cube with edges one metre in length. An alternative name, which allowed a different usage with metric prefixes, was the stère, still sometimes used for dry measure (for instance, in reference to wood). Another alternative name, no longer widely used, was the kilolitre. Conversions : A cubic metre of pure water at the temperature of maximum density (3.98 °C) and standard atmospheric pressure (101.325 kPa) has a mass of , or one tonne. At 0 °C, the freezing point of water, a cubic metre of water has slightly less mass, 999.972 kilograms. A cubic metre is sometimes ab ...
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Districts
A district is a type of administrative division that, in some countries, is managed by the local government. Across the world, areas known as "districts" vary greatly in size, spanning regions or counties, several municipalities, subdivisions of municipalities, school district, or political district. By country/region Afghanistan In Afghanistan, a district (Persian ps, ولسوالۍ ) is a subdivision of a province. There are almost 400 districts in the country. Australia Electoral districts are used in state elections. Districts were also used in several states as cadastral units for land titles. Some were used as squatting districts. New South Wales had several different types of districts used in the 21st century. Austria In Austria, the word is used with different meanings in three different contexts: * Some of the tasks of the administrative branch of the national and regional governments are fulfilled by the 95 district administrative offices (). The area a dist ...
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