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Vale has agreed to pay US$ 55.9 million to the United States Securities and Exchange Commission (SEC) to terminate a lawsuit filed in April 2022, to settle tailings dam safety charges, without admitting or denying the settled claims.
The Brumadinho disaster in Brazil
The SEC suit alleged that the company made false and misleading disclosures about the safety of its tailings dams before the January 2019 collapse of the Brumadinho dam at its iron ore operations in
Vale and SEC to clash in New York court over dam disaster
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