Vale to pay $46 million as it fails to remove tailings dams by deadline

Brazilian mining firm Vale SA has signed an agreement to pay 236.7 million Brazilian real ($46 million) to the Brazilian state of Minas Gerais for failing to meet a legal deadline to decommission its tailings dams in the state, Mining Weekly reported citing Reuters. The deadline was set following the disastrous collapse of Vale’s Brumadinho tailings dam in 2019 that killed 270 people.