Vale and Brazil state sign $7bn deal over Brumadinho
The dam rupture in Brumadinho occurred in January 2019. Credit: Ibama via Flickr.
Vale executives and members of the government of Minas Gerais, Brazil, signed on Thursday a R$ 37.6 billion ($7bn) deal for the reparation of the socio-economic and environmental damage caused by the Brumadinho dam collapse in 2019.
In November, the head of the Brazilian state of Minas Gerais rejected the miner’s proposed settlement of around 21 billion reais ($3.97 billion).
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Minas Gerais requested 54.6 billion reals ($10.3 billion) in compensation, a figure that included relocation and the psychological damage suffered by survivors and the victims’ families.