Brazil's Vale commence talks with families over dam disaster

Brazilian mining company Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster in Minas Gerais state, with an aim of defining compensation, the company said on Monday.

Vale said it has signed a term of commitment with an arm of Minas Gerais state prosecutors' office, which will be in charge of receiving expressions of interest from families seeking compensation for losses related to the disaster, which killed an estimated 300 people.