Vale ordered to set aside $1.48bn for Brumadinho dam damages

27th May 2020 By: Reuters

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.