Industry News

Brazil's government requires Vale to allocate 7.9 billion reais for Brumadinho dam accident

Views : 356
Update time : 2020-05-29 19:49:51
At the end of January last year, a collapse accident of Vale’s tailing dam in Brumadinho in the state of Minas Gerais, Brazil, caused more than 270 deaths, and the company faced multiple legal proceedings for the accident.

According to reports, a judge in the state of Minas Gerais, partially approved a mandatory order proposed by the prosecutor on May 27th, requiring Vale to allocate 7.9 billion reais as a special payment used to pay the potential fines for the dam accident.
Related News
Read More >>
Alstone unveils its much-awaited aluminium honeycomb panel in Bengaluru, receives positive feedback from industry leaders Alstone unveils its much-awaited aluminium honeycomb panel in Bengaluru, receives positive feedback from industry leaders
May .12.2025
Alstone unveils its much-awaited aluminium honeycomb panel in Bengaluru, receives positive feedback from industry leaders
Supply-demand imbalance coupled with cost disturbances led to a decline in ADC12 prices in Q2 Supply-demand imbalance coupled with cost disturbances led to a decline in ADC12 prices in Q2
May .12.2025
Supply-demand imbalance coupled with cost disturbances led to a decline in ADC12 prices in Q2
Century Aluminum's EPS falls, revenue exceeds expectations in Q1 Century Aluminum's EPS falls, revenue exceeds expectations in Q1
May .12.2025
Century Aluminum's EPS falls, revenue exceeds expectations in Q1
Thyssenkrupp’s steel division & IG Metall union reach restructuring agreement Thyssenkrupp’s steel division & IG Metall union reach restructuring agreement
May .12.2025
Thyssenkrupp’s steel division & IG Metall union reach restructuring agreement