Reuters logo
Vale says Brazil judge gives 30 days more for Samarco deposits
December 12, 2016 / 10:59 AM / a year ago

Vale says Brazil judge gives 30 days more for Samarco deposits

SAO PAULO, Dec 12 (Reuters) - Vale SA said on Monday that a Brazilian judge had given the world’s No. 1 iron ore producer another 30 days to deposit part of 1.2 billion reais ($355 million) in reparation guarantees related to a dam accident at Samarco Mineração.

In a securities filing, Vale reiterated its support for Samarco, in which it and BHP Billiton Plc each own a 50 percent stake.

The Brazil-based iron ore joint venture halted operations almost 13 months ago following a deadly dam break that destroyed a city and killed 19 people.

$1 = 3.3770 reais Reporting by Guillermo Parra-Bernal; editing by Jason Neely

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below