Samarco

US Court Annuls Samarco Class Action: Vale

Brazilian miner Vale SA says the United States District Court for the Southern District of New York has annulled nearly all parts of a class action lawsuit against the company and executives over the collapse of a tailings dam in Brazil in 2015. The only parts of the case, over the Samarco disaster that killed 19 people, that remain ongoing are linked to specific statements made by Vale in 2013 …


Brazil Judge Suspends $50B Dam Disaster Lawsuit

A Brazilian judge suspended a nearly $50 billion lawsuit against mining firms responsible for the 2015 Samarco disaster Thursday, as negotiations between the companies and authorities moved forward. The decision came as part of a ruling in which federal judge Mário de Paula Franco Júnior approved a road map toward a final agreement between prosecutors and mining companies Vale …