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Institutional Investors Demand Transparency On Mine Tailings Storage, 45 Days For Miners To Respond

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LONDON, United Kingdom

Ninety-six institutional investors, representing $10.3 Trillion USD in assets under management, have sent an urgent letter to 683 listed mining companies requesting full disclosure on tailings storage facilities under their control. The letter represents investors including Aegon, Aviva, and Hermes.

The April 5 letter, presented on behalf of the investors by the Church of England (CofE) Pensions Board and the Swedish Council on Ethics for the "AP Funds", backed by the UN supported Principles for Responsible Investment (PRI) comes in the wake of the January 25 collapse of the tailings dam in Brumadinho, Minas Gerais, Brazil which killed an estimated 300 people.