Vale to pay $56 million over dam safety claims — SEC

Reuters | March 28, 2023 | 5:14 pm Top Companies Latin America Iron Ore 
Brazilian Supreme Court rejects Brumadinho victims appeal against Vale
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)

(More to come)

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