EXCLUSIVE – Brazil’s Vale, separate state government $ 2 billion for disaster resolution, sources said | Instant News

RIO DE JANEIRO, Jan 22 (Reuters) – Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal on the Brumadinho mining disaster to 11 billion reais ($ 2 billion) before talks broke down, someone close to the negotiations told Reuters on the day. Friday.

The Minas Gerais state government lowered its demand for a settlement to 40 billion reais in a meeting with Vale on Thursday, down from 54 billion reais in damages previously wanted, said the source, who spoke on condition of anonymity when negotiations closed. . Vale offered 29 billion reais, the person said, with talks failing because of the difference.

Reporting by Marta Nogueira Written by Jake Spring Editing by Leslie Adler


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