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Brazil dam collapse: Vale will pay a $7 billion compensation for 270 killed
Brazil dam collapse: Vale will pay a $7 billion compensation for 270 killed
Credit: Ricardo Stuckert

The Brumadinho dam, owned by Vale, contained waste from an iron ore mine but gave way, unleashing a sea of mud which engulfed a staff canteen, offices and farms, killing 270 people. The company will pay $7 billion to the victim's families.

After the 2019 Brumadinho disaster, Brazilian prosecutors charged 16 people, including Vale's ex-president Fabio Schvartsman, with intentional homicide and environmental offences, alleging they hid the risk of a dam collapse.

Vale said it would pay both "socio-economic" and "socio-environmental" reparations, funding projects to repair the surrounding environment, including a massive clean-up of the Paraopeba river.