Vale ordered to set aside $1.48bn for Brumadinho dam damages
SAO PAULO – A judge in Brazil's Minas Gerais state partially granted an injunction sought by prosecutors ordering iron ore miner Vale to deposit 7.9-billion reais ($1.48-billion) for payment of potential fines related to a dam disaster last year.
Vale faces multiple legal battles after a tailings dam it owned and operated in the town of Brumadinho burst, killing more than 270 people.
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