Vale ordered to pay $2.8 million in indemnities following Brumadinho disaster

Thursday, 19 September 2019 00:59:26 (GMT+3)   |   Sao Paulo
       

A Brumadinho court has ruled Brazilian miner Vale should pay BRL 12 million ($2.8 million) in indemnities to relatives of two families, following the Brumadinho disaster that killed 270 people in January 2019.

The court ruling was the first of its kind involving an individual lawsuit demanding indemnities. The court decision took about five months, the court said.

Vale has tried to set collective agreements to repair for the damages it caused due to the incident. The company also faces lawsuits by investors, and an investigation by local securities exchange commission, CVM.


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