January 26, 2019 / 5:21 PM / 8 months ago

Brazil fines Vale $66 million over mine dam burst

A general view of the aftermath from a failed iron ore tailings dam in Brumadinho, Minas Gerais, Brazil January 25, 2019 in this image obtained from social media January 26, 2019 via Reuters. Jornal Hoje em Dia via REUTERS

BRASILIA (Reuters) - Brazilian environmental agency Ibama has fined miner Vale SA 250 million reais ($66.32 million) for various violations related to a tailings dam that burst at its Corrego do Feijao iron ore mine on Friday.

Vale caused pollution, made the area unfit for habitation and committed other regulatory violations, with each of the five violations carrying a fine of 50 million reais, Ibama said in a statement on Saturday.

Reporting by Jake Spring

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