Vale expects tentative dam collapse settlement with Brazil authorities this month

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Vale expects tentative dam collapse settlement with Brazil authorities this month
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The November 2015 dam collapse at the Samarco iron ore mine near the town of Mariana, Minas Gerais state, caused a vast flow of mud and mining waste that buried a nearby village, killing 19 people.

Brazilian miner Vale expects to reach a tentative agreement by the end of this month with Brazilian federal and state authorities to settle reparations over the deadly 2015 collapse of a tailings dam, an executive said on Thursday. The Mariana dam collapse caused a wave of toxic tailings that killed 19 people. It left hundreds homeless, flooded forests and polluted the entire length of the Doce River.

“It doesn’t mean that will be signed by the end of June, because that depends on the construction of the definitive documents, but by the end of June we hope that there will be a consensus,” said Alexandre D’Ambrosio, Vale’s executive vice-president of corporate and institutional affairs, at an event in Rio de Janeiro.

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