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Agreement seals Vale's commitment to full reparation of Brumadinho and support economic development of the State of Minas Gerais Featured

Court of Justice of Minas Gerais mediated the R$ 37,7 billion agreement with the State of Minas Gerais, the Public Defender of the State of Minas Gerais and the Federal and the State of Minas Gerais

Vale informs that it entered into a Global Settlement with the State of Minas Gerais, the Public Defender of the State of Minas Gerais and the Federal and the State of Minas Gerais Public Prosecutors Offices, to repair the environmental and social damage resulting from the B-1 dam rupture, which occurred on January 25, 2019, in Brumadinho, Minas Gerais. The mediation process was conducted by the Court of Justice of Minas Gerais, through the Judicial Center for Resolution of Conflicts and Citizenship. The Global Settlement has an economic value of R$ 37,689,767,329.00 (thirty-seven billion, six hundred and eighty-nine million, seven hundred and sixty-seven thousand, three hundred and twenty-nine reais), contemplating socio-economic and socio-environmental reparation projects.

Source: Vale

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