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Mining has had a major role in Brazil's economic development since colonial occupation by the Portuguese in the early eighteenth century. According to…
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.
Vale and Brazil state approach $7bn deal over Brumadinho
The Fire Brigade of Minas Gerais resumed the search in August 2020 for still missing bodies of 11 victims of the dam collapse. (Image: Ibama)
Vale has reached an agreement on a settlement for damages from the deadly Brumadinho dam disaster in January 2019, which killed 270 people.
The attorney general of Minas Gerais state, Jarbas Soares Júnior, said on Twitter that the agreement will be signed on February 4 – the value was not disclosed.
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Vale on Wednesday confirmed an agreement for the reparation of the socio-economic and socio-environmental damage caused by the dam rupture.