Mining giant agrees huge compensation deal over Brazil dam disaster

The dam collapse caused devastation in Brumadinho, Brazil (Andre Penner/AP)

Brazilian mining giant Vale has agreed to pay 37.7 billion reais (£5.1 billion) to the state of Minas Gerais following the collapse of a dam that devastated the city of Brumadinho and killed more than 270 people.

The settlement is one of the largest ever signed in the country, Minas Gerais officials said.