Vale SA (VALE) has released an update.
Vale S.A., a major mining company, has announced that its Dutch subsidiary Vale Holdings B.V. faces prejudgment attachment levies on its shares, securing claims of around 920 million euros related to the 2015 Fundão dam disaster. The company has expressed its intention to defend itself in the upcoming legal proceedings and asserts that the matters in question have already been addressed in Brazil. Vale continues to support the Renova Foundation with over R$ 36.5 billion allocated for damage repair and compensation for the affected individuals.
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