Brazil Expects to Settle Samarco Lawsuit by Friday

Reuters reported that the Brazilian government expects to settle its lawsuit regarding last November’s dam burst at the Samarco mine by Friday. Samarco is a joint venture betweenVale SA (NYSE:VALE) and BHP Billiton Ltd. (ASX:BHP,LSE:BLT,NYSE:BHP).
As quoted in the market news:

Brazil has sued Samarco … for 20-billion reais ($4.8-billion) after the dam, which held iron-ore tailings, burst in Brazil’s Minas Gerais state. The government considers the tragedy the worst environmental disaster in the country’s history.

Click here to read the full Reuters report.