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 ore prices rise amid tighter supply

ArcelorMittal Brasil to invest in new cold rolling mill and coating lines

Brazilian slab export price steady; decision on Chinese HRC still expected in October

Vale could add 50 million mt to iron ore productive capacity with legislative change

July average freight rates mostly stable for Brazilian finished steel imports

Grupo Simec returns to profit in the second quarter of 2026

Brazil's finished steel trade deficit narrowed in July amid import decline

Brazilian high-grade iron ore prices broadly stable amid doubts over Chinese demand

Brazilian weekly slab export reference price falls; decision on Chinese HRC likely in October

Brazilian HRC exports fell 72 pc in July; imports rose 223 pc amid antidumping concerns