Vale says 19 municipalities join Fundao dam reparation deal, waiving related lawsuits

• Vale reported 19 additional eligible municipalities joined the Definitive Agreement tied to the Fundão dam collapse litigation.
• Total participation rose to 45 of 49 eligible municipalities, expanding the settlement’s coverage across affected local governments.
• Joining municipalities must waive related lawsuits in Brazil or abroad to receive a one-time payment equal to three prior installments.
• Payment is due within 30 days of court ratification of the terms; later installments follow the agreement’s schedule.

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