Vale says value of Samarco settlement not open to renegotiation

Brazilian iron-ore miner Vale said on Monday in a securities filing that the compensation value for "not repairable damage" stemming from a dam collapse in 2015 has already been set and is not subject to renegotiation.

The statement comes in response to a Reuters story published on Friday that said Brazilian prosecutors are looking for a new definitive agreement and consider the current framework, putting damages at around 20-billion reais ($3.80-billion), insufficient.