Samarco gets court approval to exit bankruptcy proceedings
Reconstruction efforts at Samarco’s Fundão tailings dam in 2017. (Image courtesy of BHP)
Brazilian miner Samarco, a joint venture between Vale and BHP, has received approval from a court in Minas Gerais state to exit bankruptcy protection proceedings, it said in a statement on Tuesday.
The process allowed Samarco to reorganize more than 50 billion reais ($9.28 billion) in liabilities involving around 10,000 creditors, the statement said. The proceedings were triggered by a 2015 dam collapse near the Brazilian city of Mariana which halted operations for several years.
($1 = 5.3896 reais)
(By Marta Nogueira and Isabel Teles; Editing by Kylie Madry)
Read More: BHP, Vale and Samarco reach $30 billion Fundão dam settlement
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Comments
Noêmia Campos Franco Queiroz
Samarco causou o maior desastre ambiental sem precedentes de recuperação em uma centena de anos. A Bacia do Rio Doce tem 240 municípios e a Samarco elegeu 44 municípios margeados pelo Rio principal desconsiderando a demais afluentes e municípios. Faz um pagamento arbitrário para que o morador te dê uma quitação de um dívida que judicialmente seria 10x o valor que tem pagado. Absurdo em cima de absurdo.