[ferro-alloys.com]Iron ore miner Vale (NYSE: VALE) and the government of Brazil’s Minas Gerais state are negotiating an agreement to settle damage claims stemming from the 2019 Brumadinho dam disaster involving the injection of billions of reais into funds to be managed by the state government.

The talks are focused on the governance of those funds for now, an issue that could be resolved on Wednesday, followed by another stage of negotiations focused on the value of the settlement, sources close to the talks told Reuters.

About 270 people died in January last year when the tailings dam collapsed.

(Mining.com)

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