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Brazil’s Vale, State Government US$2 Billion Apart on Disaster Settlement, Source Says

RIO DE JANEIRO, BRAZIL - (Reuters) Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to R$11 billion (US$2 billion) before talks fell apart, a person close to the negotiations told Reuters on Friday, January 22nd.

The 2019 disaster in the town of Brumadinho in Minas Gerais state killed some 270 people when a dam ruptured at a Vale facility and unleashed a torrent of mining waste.

The Minas Gerais state government lowered its demands for a settlement to R$40 billion in a meeting with Vale on . . .

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