(Bloomberg) -- Vale SA was fined 86.3 million real ($16.9 million) for not giving Brazil’s mining regulator accurate information on the conditions at a tailings dam that collapsed three years ago, killing 270 people in the deadliest mining disaster in the country’s history.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsWells Fargo Plans Major Retreat From Mortgage Business It Long Domi
Brazilian miner Vale SA 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. Vale said the government considered that the company wrongly issued a positive Stability Condition Statement - a document that certifies the safety of a dam - for Brumadinho's tailings dam from June to September 2018.
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