Prosecutors seek $13 billion from Vale for environmental restoration

Reuters | March 15, 2019 | 12:10 pm Latin America Iron Ore 
Two members of Vale’s board step down in connection to deadly dam disaster
Aerial view of the mudslide triggered by the dam burst at the Corrego do Feijao mine. (Image courtesy of St. Paul’s School, Brazil, via Twitter.)

SAO PAULO – Brazilian prosecutors requested that mining company Vale SA be ordered to guarantee funds of 50 billion reais ($13.10 billion) for environmental recovery efforts after the January dam disaster, they said in a statement on Friday.

($1 = 3.8180 reais)

(Reporting by Marta Nogueira and Marcelo Teixeira; Editing by Christian Plumb)

Click here for complete coverage of the dam burst at Vale’s Córrego do Feijão mine.

 

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