Exclusive: Vale of Brazil, state government $ 2 billion apart on disaster settlement, source says

PHOTO FILE: The emblem of the Brucutu mine owned by Brazilian mining company Vale SA can be seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS / Washington Alves

RIO DE JANEIRO (Reuters) – Brazilian miner Vale SA and state authorities narrowed their gap in a possible settlement deal over the Brumadinho mining disaster to 11 billion reais ($ 2 billion) before talks fell apart, a person close to the talks told Reuters on Friday. .

The state government of Minas Gerais downplayed its demands for a settlement to 40 billion reconstructions in a meeting with Vale on Thursday, down from the 54 billion reconstructions in damages it was previously seeking, the source said, referring to state anonymous as the conversations were closed. Vale offered 29 billion reais, the man said, with the talks breaking down about the difference.

Reciting with Marta Nogueira; Written by Jake Spring; Edited by Leslie Adler

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