Both Brazilian miner Vale and the government of Minas Gerais state are reportedly negotiating a settlement for the Brumadinho dam collapse, which killed 272 people, a media report by Estadao said.
The terms of the potential settlement are under court privilege, but the media report suggested the settlement could reach as much as BRL 28 billion ($5.7 billion). The deal also doesn’t include the families affected by the deadly dam waste collapse.
The Guaicuy Institute, which provides technical and legal advice to the affected communities, said reports indicate a settlement could reach BRL 54 billion ($9.9 billion).
The potential Brumadinho settlement with the government of Minas Gerais doesn’t affect the BRL 155 billion ($28.5 billion) lawsuit reinstated by prosecutors over Mariana.