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Globo Reports That Vale, BHP and Samarco To Pay BRL 47.6 Billion

BRAZIL
  • BRAZIL COURT ORDERS VALE, BHP, SAMARCO TO PAY BRL47.6B: GLOBO
  • BRAZIL COURT ORDERS VALE PAYMENT DUE TO MARIANA DISASTER: GLOBO
  • The figures takes into account collective moral damages resulting from the collapse of the Mariana dam in 2015.
  • From the report:
  • "The value parameter was what was already spent on repair and compensation actions, says the decision. After the tragedy, an extrajudicial agreement was reached between the governments of Minas and Espírito Santo and Vale, Samarco and BHP, for investments of R$33.38 billion in reparation and compensation actions, including compensation and financial aid."
  • "But recently there was an attempt to renegotiate, with mediation from the federal government. At the end of last year, negotiations were suspended because governments asked for payments of R$126 billion, and companies offered R$42 billion."
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