Mining giant Vale SA could face a close to $7 billion fine if it is convicted under Brazil anticorruption law of colluding to hide safety problems at the dam that later collapsed
SÃO PAULO—Brazilian mining giant Vale SA could face a close to $7 billion fine if it is convicted of colluding with safety auditors to hide dangerous conditions at the mining tailings dam near Brumadinho that later collapsed, killing more than 180 people.
A person close to the investigation into the collapse said that the fine could reach 20% of 2018 revenue if the company is convicted under Brazilian anticorruption law, adding it is too soon to estimate how big the final fine will be. Brazilian investigators have said they...
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