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Brazil’s Vale fined after comptroller general’s decision on Brumadinho disaster

08/15/2022

Less than a minute

2022.08.15 16:54

Brazil's Vale fined after comptroller general's decision on Brumadinho disaster
FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado/File Photo

SAO PAULO (Reuters) – Brazilian miner Vale SA (NYSE:VALE) was fined about 86.3 million reais ($16.82 million) after the country’s comptroller general decided the firm did not present truthful informations on the conditions of its Brumadinho tailings dam prior to a 2019 disaster.

The mining giant said it did not agree with the decision and will appeal within the next 10 days.

($1 = 5.1312 reais)

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08/15/2022

Less than a minute