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Brazil's Vale fined $17 million for Brumadinho tailings dam disaster

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SAO PAULO – Brazilian miner Vale was fined after the country’s comptroller general decided the firm failed to present reliable information on the conditions of its Brumadinho tailings dam prior to a 2019 disaster, the company said on Monday.

The comptroller general, a branch of Brazil’s federal government, set the fine at about 86.3 million reais ($16.8 million), the firm said in a securities filing.

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The mining giant said it disagreed with the decision and would appeal within the next 10 days.

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