Samarco News

Brazil Confirms Potential $18B Deal With Miners Involved in Deadly Dam Disaster

The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies …

BHP Must Stop Funding Legal Action to Halt Mariana Dam Claim, London Court Rules

BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one of Brazil’s worst environmental disasters, London’s High Court ruled on Tuesday. More than 720,000 Brazilians, including around 50 municipalities, are …

Claimants for Deadly Mariana Dam Collapse File Injunction Against BHP, Vale

Lawyers representing claimants taking legal action over Brazil’s worst environmental disaster filed an injunction this week against miners BHP and Vale for “trying to derail” a potential 36 billion-pound ($46 billion) London lawsuit. More than 720,000 Brazilians, including 46 local …

Brazil States Ask Court to Double Amount Vale, BHP Should Pay for Mining Disaster

Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen …

Brazil Rejects Vale, BHP Settlement Offer for Deadly 2015 Mining Disaster

Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday. The statement did not include Minas Gerais state, …

Vale, BHP Offer $25B Settlement for Mining Disaster, but Brazil Authorities Want More

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, but local prosecutors still want them to bump up their offer. The proposal, the Brazilian …

Vale Faces $3.8 Billion Claim in Dutch Case Over Mariana Dam Break in Brazil

Victims of the 2015 Mariana dam break in Brazil are seeking about 3 billion pounds ($3.8 billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands, their lawyers said on Tuesday. The compensation …

Brazil Orders Vale, BHP and Samarco to Pay $9.7B in Damages for 2015 Dam Disaster

A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6 billion reais ($9.67 billion) in damages for a 2015 tailings dam burst, according to a legal decision on Thursday seen by Reuters. …

Brazil Fines Vale $16.9M for Lack of Reliable Details About Collapsed Tailings Dam

Vale SA was fined 86.3 million real ($16.9 million) for not giving Brazil’s mining regulator accurate information on the conditions at a tailings dam that collapsed three years ago, killing 270 people in the deadliest mining disaster in the country’s …

SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams

The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale for allegedly making false and misleading disclosures about the safety of its dams ahead of a 2019 disaster that killed 270 people. Beginning in 2016, Vale manipulated …