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Vale to pay $106.5 million to workers affected by Brazil dam disaster

Reuters
The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo

RIO de Janeiro (Reuters) - Brazilian mining company Vale SA <VALE3.SA> said on Monday it would pay 400 million reais ($106.52 million) to compensate workers affected by the deadly rupture of a tailings dam in January that killed at least 240 people.

In a statement, Vale said the deal also involves individual compensation for moral and material damages, including job stability and other benefits for a certain period of time.

In May, the company said it was taking $2.42 billion in writedowns for payments to victims' families and estimated out-of-court settlements for various damages related to the dam collapse, including $247 million for a "framework agreement" with labour prosecutors.

(Reporting by Marta Nogueira; Writing by Gabriela Mello; Editing by Richard Chang)