RIO DE JANEIRO (Reuters) – Brazilian miner Vale SA will sign on Friday an agreement with local authorities in which it must pay 236.7 million reais ($46.0 million) for failing to meet a legal deadline to decommission its tailings dams in the state of Minas Gerais, a document seen by Reuters showed.
According to the draft agreement, struck with the Minas Gerais state prosecutors, the company will also undertake a series of obligations to remove all of its upstream tailing dams. In a statement, Minas Gerais prosecutors confirmed the signing of the agreement.
($1 = 5.1457 reais)
(Reporting by Marta Nogueira; Writing by Carolina Pulice; Editing by Chris Reese)
