Brazil Fines Vale $16.9 Million for Lack of Details on Dam Tied to Deadly Collapse
- Vale fined $16.9 million by Brazilian agency for mine disaster
- Brazil’s decision cites non-involvement of top management
Residents survey damage after a Vale SA dam burst in Brumadinho, Minas Gerais state, Brazil, on Jan. 26, 2019.
Photographer: Victor Moriyama/BloombergVale SA was fined 86.3 million real ($16.9 million) for not giving Brazil’s mining regulator accurate information on the conditions at a tailings dam that collapsed three years ago, killing 270 people in the deadliest mining disaster in the country’s history.
Vale received a decision from Brazil’s Office of the Comptroller General that indicated the Brazilian miner “failed to present reliable information” to the National Mining Agency on its Dam 1 in Brumadinho, in the southeastern state of Minas Gerais, the company said Monday in a statement. Vale said it disagrees with the decision and will submit a request for reconsideration within 10 days.