05
Feb
08:49
Vale settles reparations agreement over Brumadinho dam rupture
Vale, the Federal and the State of Minas Gerais Public Prosecutors Offices, and the State Government have concluded a final agreement on reparations for the socio-economic damage caused by the Brumadinho dam rupture. The tragedy in January 2019 left 270 dead, Kallanish notes.
“The global settlement has an economic value of BRL 37.6 billion ($6.94 billion), contemplating socio-economic and socio-environmental reparation projects,” Vale says in a note. &…
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