Vale has advised relatives of the victims who suffered from the B1 dam breach at the Córrego do Feijão mine in Brumadinho that they can now register to receive compensation.
The decision was revealed at the fifth Labour Court of Betim by Vale and the Minas Gerais state public ministry of labour, alongside workers unions.
The Brumadinho disaster occurred when a tailings dam failed at the Córrego de Feijão iron ore mine in Minas Gerais, killing at least 237 people and causing extensive environmental damage.
Parents, spouses or partners and children of deceased employees will receive $R500,000 ($190,528) for moral damages, while siblings will receive $R150,000.
There will be an additional individual accident insurance payment of $R200,000 to parents, spouses or partners and children.
This is in addition to a material damage payment to the nucleus of dependents, with a minimum value of $R800,000.
Childcare allowances of $R920 per month will also be paid to the children of deceased workers up to the age of three and education assistance of $R998 per month for children between the age of three and 25.
A medical insurance benefit will be provided for spouses or partners and for children up to the age of 25.
The agreement also provides for stability to direct and third-party employees of the Córrego do Feijão mine on the day of the breach.
This includes survivors who were working at the time of the breach, for a term of three years from January 25, 2019, and can be converted into monetary compensation.
On August 6 this year, Vale will deposit the total amount of the judgement, to the sum of $R400 million, for collective damages.