Wednesday, March 29, 2023

Vale to pay $56 million over dam safety claims — SEC
Reuters | March 28, 2023 |

Vale’s tailings dam failure on Jan. 25, 2019, killed 270. 
(Image courtesy of Vinícius Mendonça | Ibama)

Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the US Securities and Exchange Commission said on Tuesday.


(By Eric Beech)

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