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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Mining giants, Vale and BHP Billiton, along with principal shareholders of Brazilian mining company, Samarco, have asked the Minas Gerais Federal Courts for a second extension in their deadline to pay their guarantees for the Mariana dam burst, which occurred in 2015.

The original deadline for the R$1.2 billion payment (approximately US$375.4 million) was December 10th, 2016.

“In addition to the relevant facts of November 11, 2016 and December 12, 2016, related to the ruling of the 12th Federal Court of the Judiciary Section of Belo . . .

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