Brazilian state authority confirms $31.7 million fine over Samarco’s dam burst

Wednesday, 20 April 2016 23:23:53 (GMT+3)   |   Sao Paulo
       

The council of the Minas Gerais state environment police, Copam, has confirmed that the Vale, BHP owned pellets producer Samarco was fined BRL 112 million ($31.7 million), following a deadly iron ore waste dam burst in November.

Samarco has 20 days to appeal the decision to a Copam’s normative chamber. If the appeal is denied, the Minas Gerais state environment secretariat can then enforce the pellet producer to pay the fine, which can be made in 72 installments.

Samarco can appeal the fine at a court as well, according to several media reports.

 

Similar articles

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

Brazilian rebar export price remains stable

18 Apr | Longs and Billet

Brazilian BPI mills target higher export prices, impact of scrap eases as discussed at IIMA meeting

18 Apr | Scrap & Raw Materials