Federal Judge Orders Freeze on BHP and Vale Assets in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A federal judge in Brazil has ordered the freeze on the assets of Anglo-American mining company, BHP Billiton, and Brazil’s mining giant, Vale, to guarantee that the damage, estimated at R$20 billion (US$5.1 billion), made by the November dam burst in Minas Gerais will paid.

“This measure does not depend on whether the defendants are trying to avoid their responsibilities or transferring their assets somewhere else,” said Judge Marcelo Aguiar Machado in his ruling on Friday, December 18th.

According to Machado, Vale and BHP are . . .

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