Vale Mining Company to pay $7 Billion in Compensation for Brazil Dam Collapse

Vale Mining Company to Pay $7 Billion in Compensation for Brazil Dam Collapse
The disaster in the city of Brumadinho killed 270 people, and 11 others are still missing. It also led to murder charges for company officials.
An aerial view of mud and waste from the 2019 disaster caused by a dam collapse in Brumadinho, Brazil. Credit...Antonio Lacerda/EPA, via Shutterstock
By Manuela Andreoni and Letícia Casado
Feb. 4, 2021
RIO DE JANEIRO — The Brazilian mining giant Vale signed an agreement on Thursday to pay $7 billion in compensation to the state of Minas Gerais, two years after the collapse of one of its dams killed 270 people, also causing vast environmental damage. Eleven people are still missing.

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