"Over the last three years, LAPFF has engaged with Vale and BHP in the wake of both the Brumadinho and Samarco dam collapses and continues to be dismayed at the lack of progress in addressing the needs of affected community members," investor LAPFF said in a statement.
Brazil's Vale said last week it expected to spend about 9 billion reais ($1.64 billion) in 2022 on reparations related to the Brumadinho dam burst. That amount does not include the figure the company will spend in individual compensations, which are being negotiated.
($1 = 5.4875 reais)
(Reporting by Carolyn Cohn; Editing by Saikat Chatterjee)