Prosecutors reinstate $27.3 billion lawsuit against Samarco

Friday, 02 October 2020 22:28:54 (GMT+3)   |   Sao Paulo
       

Brazilian prosecutors have reinstated a BRL 155 billion ($27.3 billion) lawsuit against pellets producer Samarco, a 50/50 joint venture between Vale and BHP Billiton.

The prosecutors, which include Minas Gerais state and federal prosecutors, as well as Minas Gerais state and Brazil's Federal Public Defender's Office (DPU), said Samarco should fully pay for the socio-environmental and socio-economic damages it caused.

As previously reported by SteelOrbis, a federal court had suspended the multi-billion-dollar lawsuit in August 2018, following a multi-institution settlement, which involved Espirito santo and Minas Gerais states, prosecutors, Vale, BHP Billiton and Samarco.

The re-instated lawsuit aims to “prevent Samarco, Vale and BHP Billiton to avoid meetings its responsibilities as a result of the (Mariana) … disaster,” the prosecutors said in a statement on Thursday.


Most Recent Related Articles

Vale hires Hidrovias do Brasil to transport 3.2 million mt of iron ore in 2021

Samarco concludes repairs, says it is ready to resume activities

Prosecutors appeal Vale’s $44.4 million deal with attorney general over Brumadinho

Regulator to deny license for Brazilian iron ore mine

Vale suspends dam works and concentration activities, loses 11,000 mt/day capacity