Brazil’s Samarco to Pay R$4.4B for Recovery of River Basin

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – After causing one of Brazil’s greatest environmental disasters, mining company Samarco has agreed to pay R$4.4 billion in the next three years to help recover the Rio Doce Basin in the state of Espirito Santo. Although the collapse occurred in Mariana, Minas Gerais, tons of toxic water and mud spilled into the Rio Doce, contaminating the entire length of the river.

According to the Espirito Santo state prosecutor’s office the value announced is only for the next three years. Officials say that it will take at . . .

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