Industry News

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

Views : 301
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 >>
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Nov .14.2024
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13 Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Nov .14.2024
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nov .14.2024
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Nov .14.2024
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry