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Vale controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2021

    Vale reaches settlement over Brumadinho dam collapse

    Settlement

    Vale reached a settlement agreement with Brazilian authorities over the Brumadinho dam collapse, which killed 270 people. Vale agreed to pay 37.7 billion reais, including cash payments to affected people and investments in environmental projects.

    Source excerpt

    • Vale will pay 37.7 billion reais ($7.03 billion) including cash payments to affected people and investments in environmental projects, the Rio de Janeiro-based company said in a statement.
    • Vale SA agreed to pay $7.03bn in a settlement with Brazilian authorities for the Brumadinho dam collapse two years ago that killed 270 people.
    Source

  2. 2020

    Minas Gerais authorities seek asset freeze and damages from Vale

    Lawsuit filed

    In connection with the Brumadinho dam disaster, Minas Gerais state and federal prosecutors sought a court order to freeze 26.7 billion reais in Vale assets and sought 28 billion reais in collective damages. According to the report, Vale had not been formally notified of this latest request. The event concerns the prosecutors' requests and the reported status of notification; no further outcomes or allegations are stated.

    Stated objective. partial payment to cover economic and other damages from last year's deadly Brumadinho dam disaster

    Source excerpt

    • The request is the latest in a series of legal actions taken against the company by state authorities since a mining waste dam burst in January 2019, unleashing an avalanche of mud that killed an estimated 270 people in Brumadinho city, burying many of them alive.
    • The authorities are also seeking 28-billion reais ($5.01-billion) in collective "moral and social" damages.
    • In a statement on Wednesday, state and federal prosecutors in Minas Gerais said they had sent a joint petition seeking a judge's order for Vale to freeze 26.7-billion reais ($4.78-billion) in assets for eventual restitution to the state.
    Source