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Society Life & Society

Lawsuit Against Vale Seeks Compensation of R$10 million per Brumadinho Victim

By · April 23, 2019 · 2 min read

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By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Relatives of a family who died while staying at Pousada Nova Estância, buried at the break of the Vale Dam in Brumadinho (Minas Gerais), in January of this year, filed a lawsuit against the mining company.

Vale has made a study on the value of a human life and this amounted to US$2.6 million, which is just over R$10 million
Vale has made a study on the value of human life and this amounted to US$2.6 million, which is just over R$10 million.
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They are requesting compensation of R$10 million per each deceased relative and the company to issue a formal apology to the victims. The company said it has not yet been sued.

The lawsuit, claiming a total of R$40 million, was filed by family members
of siblings Camila and Luiz Taliberti Ribeiro da Silva as well as Fernanda Damian de Almeida, Luiz’s wife, five months pregnant.

The baby, whose name would have been Lorenzo, is also included in the suit. The family was accompanied by the father and stepmother of the siblings. The tragedy amounts to 231 dead and 41 missing, according to the latest Civil Defense report.

“Our goal is to fight for a change in the shameful compensation parameters practiced
in Brazil.” Vale registered a profit of over R$25 billion last year and is willing to pay R$300 to R$500 thousand per life.

Vale itself has made a study on the value of human life and this amounted to US$2.6 million, which is just over R$10 million,” says lawyer Roberto Delmanto Junior.

In addition to the compensation, the lawsuit demands that Vale displays a photo of
the victims at the entrance of all the company’s units in Brazil and abroad with
the inscription: “Life is worth more than profit. Camila, Fernanda, Lorenzo and
Luiz, we are sorry to have taken your lives.”

Vale informed that it was not summoned to the terms of said lawsuit. It has signed a Term of Commitment with the Public Defender on April 8th so that those affected by the dam rupture could execute individual or collective agreements to seek compensation for moral and material damages.

The mining company said that as of April 12th, 272 families of victims in Brumadinho
received compensations from the company amounting to R$100,000.

Emergency payments were made to 12,400 residents of Brumadinho, Mário Campos and São Joaquim de Bicas.

Vale did not report the amount of compensation for a fatal victim and said that
the US$2.6 million quoted in the suit “is drawn from a document without legal
effect, based on a hypothetical scenario and decoupled from concrete situations.”

Live Company IntelligenceVale SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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◆ Live Company Intelligence
Vale
NYSE: VALEVALE3Basic MaterialsOther Industrial Metals & Mining65,805 employees
$56.60B
Market cap
Analyst target $16.66

Wall Street view

3.9Moderate Buy/ 5
14 Buy12 Hold0 Sell
Avg. price target $16.66  ·  +9% vs 200-day

Valuation & profitability

Market cap$56.60B
Revenue (TTM)$218.07B
P / E ratio27.1
Profit margin4.8%
Return on equity4.1%

Price & risk

52-wk low
$9.88
52-wk high
$17.44
Beta (volatility)0.75
200-day average$15.31

Revenue trend · 6y

20202025
Latest $38.23B

Ownership

Institutions20.7%
Shares outstanding4.26B
Top holderCapital World Investors
Institutional holders5+ funds

Dividend

Yield40.3%
Payout ratio2.0%
Fwd. annual$1.19
What Vale does. Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous…
Data: RT fundamentals (VALE.US) · figures in USD · as of 30 Sep 2026More company intelligence →

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