Industry

Vale signs $ 25 mm agreement to end action on Fundão dam

Vale informed that it reached an agreement in the New York Courts to end the class action of the holders of American Depositary Receipts (ADRs) of the mining company in the process related to the breach of the Samarco Fundão dam, which occurred in November 2015. In a material fact, the mining company said it would pay $ 25 million. The final sentence will still be given by the judge who will close the case definitively.

Source: Infomoney

Categories: Industry