Vale, the world’s largest iron-ore miner, set aside $1.9-billion to accelerate the decommissioning of nine mine-waste dams in Brazil’s Minas Gerais state as part of its response to the deadliest tailings disaster in the country’s history.
Between $150-million and $200-million will be spent this year, $500-million in 2020 and $150-million to $200-million in “the following years", the company said in a filing.