Brazil Expects to Settle Samarco Lawsuit by Friday

- February 17th, 2016

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).

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.

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