October 8, 2019 / 1:05 PM / 12 days ago

Brazil's Vale details damages payments, speeds dam decommisoning

FILE PHOTO: A view of a collapsed tailings dam owned by Brazilian mining company Vale SA, in Brumadinho, Brazil February 13, 2019. REUTERS/Washington Alves

RIO DE JANEIRO (Reuters) - Brazilian mining company Vale SA has paid 860 million reais ($210 million) in emergency damages relating to the Brumadinho tailings dam disaster, it said in a presentation on Tuesday.

Vale also said it is accelerating decommissioning of its tailings dams, with $1.9 billion set aside for nine bigger dams, and $100 million for smaller structures. It added that work to secure its Barragem Sul Superior tailings dam will be complete by December.

Reporting by Gabriel Stargardter; Editing by David Goodman

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below