Vale SA (VALE) has released an update.
Vale S.A. is in discussions with Samarco and BHP Brasil, along with government entities, to finalize a settlement for the Samarco Fundão dam disaster, with a proposed financial package of R$ 170 billion aimed at reparations for the affected communities and the environment. The settlement seeks to provide legal certainty for the companies while ensuring comprehensive socio-environmental and economic recovery. Vale anticipates adding R$ 5.3 billion to its liabilities related to the reparation efforts in its third-quarter results.
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