Brazilian mining giant Vale signed a settlement deal on Thursday to pay 37.7 billion reais (US$ 7 billion) to the state of Minas Gerais, following the collapse of a dam two years ago that devastated the city of Brumadinho and killed more than 270 people.
Vale's former chief executive officer was charged with homicide for the massive dam collapse that killed more than 250 people in Brazil last January (2019). Fabio Schvartsman is the highest-profile executive facing criminal charges for Brazil's worst environmental disaster.
Mining giant Vale failed to report problems at a massive tailings dam in Brazil that could have averted its collapse, killing hundreds, a government agency said on Tuesday.
Brazil’s mining regulator on Monday extended the deadlines by up to four years for the closing of many dangerous mine tailings dams like the one that collapsed in January at a Vale SA facility, killing more than 240 people.
Brazilian President Jair Bolsonaro has undergone surgery to remove a colostomy bag he had fitted after he was stabbed in the stomach on the campaign trail in September. He is expected to be on strict bed rest for two days after the operation, a presidential spokesman said.