HomeMarket NewsMining Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in...

Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages

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Reparation and Cleanup Efforts

Vale and BHP’s Samarco, which had been closed for five years, were focused on reparations, compensations, and clean-up efforts during that timeframe.

Following several lawsuits and site inspections, the miner reopened Mariana Complex in December 2020 after ensuring its safety.

Challenges and Shortcomings

Brazilian prosecutors revealed that the Renova Foundation, established by the mining companies for damage reparation, failed to fulfill its commitments, creating additional challenges.

Samarco announced the development of an enhanced security system in 2020, incorporating a monitoring and inspection center.



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