Vale’s stock rises, but not its reputation a year after dam disaster
World's largest iron-ore producer struggles with environmental issues after dam disaster
16 January 2020 - 16:56
For months since Vale’s dam disaster, some of Brazil’s biggest investors snatched up shares in a bet they’d bounce back and then keep rising.
A year later, the gamble paid off, but with a caveat: the stock rebounded, but Vale’s reputation hasn’t — and that’s the problem. While the world’s largest iron-ore producer has like all miners struggled with environmental issues in the past, there’s no denying that a company’s green credentials suddenly matter now more than ever...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.