Brazilian prosecutors seek suspension of Samarco’s BRL 20 billion deal over Mariana disaster

Tuesday, 31 May 2016 23:53:53 (GMT+3)   |   Sao Paulo
       

Brazil’s Ministerio Publico Federal (MPF), a body of public prosecutors, has demanded the suspension of a BRL 20 billion deal signed by local pellets producer Samarco, Brazil’s government and the states of Minas Gerais and Espirito Santo.

According to the MPF appeal, popular participation in the formulation of the deal has been absent.  There is also a lack of ability for federal entities to rule over the victims’ rights, said Felicio Pontes Junior, Brazil’s federal attorney, who signed the embargos that impugned the deal.

The prosecutors argued the time spent to discuss and define the deal was “too short.”

The deal was approved by Brazil’s federal justice on May 5, 2016.


Similar articles

Brazilian high-grade iron price increases

26 Apr | Scrap & Raw Materials

Global BPI market silent as sellers insist on previous higher offers, buyers retreat

26 Apr | Scrap & Raw Materials

Brazil increases import tax for some steel products

24 Apr | Steel News

Brazil to set import quotas for 11 steel product categories

24 Apr | Steel News

Brazilian high-grade iron ore price declines week-on-week

23 Apr | Scrap & Raw Materials

Usiminas posts lower net profit for Q1 2024

23 Apr | Steel News

CRC import price offers increase in Brazil

23 Apr | Flats and Slab

Brazil’s DEV Mineração to resume operations at Amapá iron ore project

22 Apr | Steel News

Vale's iron ore exports up 97.5 percent in January

19 Apr | Steel News

Auto industry confirms massive investment in Brazil

18 Apr | Steel News