Vale to adjust provisions for Brazil dam disaster in Q2 results

The aftermath of the disaster in Brumadinho after Vale’s tailings dam collapsed. Photo by Vinícius Mendonça/Ibama, Wikimedia Commons.

Brazilian miner Vale SA may adjust provisions for a deadly dam burst in Brumadinho this year as part of its second-quarter results following a settlement with workers, the company said in a securities filing on Tuesday.

Vale announced on Monday it would pay 400 million reais ($106 million) to compensate workers affected by the deadly rupture of a tailing dam in January. The company did not detail how it planned to change its provisions.

($1 = 3.7673 reais)

(By Carolina Mandl)

2290 0


Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.