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Swedish AP funds and Church of England in initiative to set new global mining regulations

A mine disaster in Brazil has prompted Sweden's AP funds and the Church of England Pensions Board to lead an initiative to set new mining safety standards.

Residents demonstrate in honor of victims of the collapse of a dam owned by Brazilian mining company Vale SA, in Brumadinho. | Photo: Ritzau Scanpix

In the wake of the Brazilian Brumadinho mine disaster in January, Swedish AP funds and The Church of England Pensions Board are working together to establish new international standards for mining companies. The new standards should improve the safety of "tailings" storage facilities, which hold waste products from iron ore mines.

According to news site IPE, the ethical investment advisory body for the AP funds and Church of England Pensions Board will cooperate in advocating new industry standards.

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