UPDATE 1-Brazil miner Vale expects to mostly finish paying for burst dam by 2021

RIO DE JANEIRO/BRASILIA, Oct 2 (Reuters) – Brazilian miner Vale SA on Wednesday said it expects to finish paying for most of the expenses related to the disaster at one of its facilities that killed at least 250 people by 2021. In securities filings, Vale laid out its expectations for expenses related to the rupture of a mining dam at its facility in the town of Brumadinho in January, which released a torrent of mud burying buildings and people. Vale faces a variety of legal actions related to the disaster including lawsuits in Brazil, U.S. class actions and …read more

Source:: Yahoo Finance

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