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 HDG export prices see slight increases

17 May | Flats and Slab

Decommissioning of Vale’s B3/B4 tailings dam is concluded

17 May | Steel News

Brazilian heavy plates exports and imports increase in April

16 May | Steel News

Gerdau postpones restart of Brazilian plants

16 May | Steel News

Brazilian wire rod exports decline in April

15 May | Steel News

Brazilian high-grade iron price relatively stable week-on-week

14 May | Scrap & Raw Materials

Brazilian slabs export prices stable week-on-week

14 May | Flats and Slab

Brazilian BPI exporters face resistance to higher prices amid no improvement in US market

13 May | Scrap & Raw Materials

Brazilian HRC export price stable in two weeks

13 May | Flats and Slab

CSN posts a net loss in Q1 2024

13 May | Steel News