1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Vale says Brazil court suspends Samarco damages lawsuit to help deal

By:  
 
ENVIRONMENT
Brazilian iron-ore miner Vale said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155-billion reais ($49.7-billion) in damages for the 2015 Samarco mine disaster. Vale said in a securities filing the court suspended other lawsuits to facilitate negotiation of a final deal on damages resulting from the collapse of a tailings dam at the mine - a joint venture between Vale and the world's largest mining company, BHP Billiton.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register