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Brazilian President Luiz Inacio Lula da Silva said on Friday that a deal with miner Vale for reparations over the 2015 Mariana tailings dam disaster is 90% done and final details should be hammered out soon.with an offer totaling 140 billion reais to settle reparations over the dam collapse at a Samarco mine in Mariana, Minas Gerais state.
The offer unveiled earlier this month was less than the government’s target, but Vale has expressed hope that a “consensus” would be achieved“Yesterday I asked my mines and energy minister what the status of the Vale deal was, and he told me it was 90% resolved,” Lula told a local radio station. “He will present it to me in the next week or two so we can close this deal.
Vale declined to comment on Lula’s remarks but said it was committed to reaching a deal that guarantees “fair and full compensation” to those affected.Sierra Metals to trade on Lima exchange, names new CFOThe Codelco-SQM agreement is a major plank of the Chilean government's aim to take a stronger role in lithium output.
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