Brazil’s Samarco Gets Extension to Settle Dam Spill Damages

Courts gave Samarco, Vale and BHP until end of June to reach agreement on R$155 billion lawsuit for 2015 dam rupture in Mariana, Minas Gerais.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – A Brazilian court in Belo Horizonte, Minas Gerais has extended the deadline for Samarco, Vale and BHP to present the final settlement related to one of Brazil’s worst environmental accidents, the Samarco dam rupture in 2015. This is the fourth extension given to the two mining giants, which have been ordered to pay more than R$155 billion in reparations.

The rupture of the dam and the consequent flooding of a large area surrounding the mining site with toxic waste water is considered to be the country's biggest . . .

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