Exclusive-Final settlement for Brazil's Samarco dam disaster could reach $19 billion, governor says [Reuters]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
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Source: Reuters
RIO DE JANEIRO, July 19 (Reuters) - A definitive settlement with miner Samarco and owners, BHP Group (BHP.AX) and Vale SA (VALE3.SA) , for the damage caused by a burst tailings dam in 2015 could reach 100 billion reais ($19.06 billion), the governor of the Brazilian state where the disaster occurred told Reuters. That estimate is nearly four times higher than an initial deal struck with mining companies in 2016, which created a foundation to implement reparations and temporarily froze lawsuits relating to the incident. "The expectation is that the agreement is around 100 billion reais," Romeu Zema, governor of Minas Gerais, told Reuters in an interview late on Friday. His comments come after the lead prosecutor of the task force for the disaster told Reuters earlier this month that the previous agreement was not effective enough and floated a benchmark value for a future settlement of 155 billion reais. read more The dam collapse at the Samarco iron ore mine near the town of Mariana
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VALE
Earnings
- 7/28/23 - Miss
VALE
Sec Filings
- 4/22/24 - Form 6-K
- 4/19/24 - Form 20-F
- 4/17/24 - Form 6-K
- VALE's page on the SEC website