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Samarco and its shareholders, Vale and BHP, have presented a new reparation proposal to the Brazilian government and the states of Minas Gerais and Espírito Santo for the breach of the Fundão dam in Mariana in 2015.The collapse of the dam in Mariana left 19 dead when approximately 40 million cubic meters of mining waste destroyed communities and contaminated the Doce River. It was the
Negotiations for reparation for the environmental disaster resumed this week after the Brazilian government and the states rejected the value of R$40 billion offered by the companies in December. The government and the states are demanding approximately R$120 billion .According to the Federal Public Prosecutor’s Office , the reparation actions carried out in recent years by the Renova Foundation, an entity created for this purpose, have been insufficient.
Vale and BHP have not commented on the new agreement. Samarco informed CBN that it remains open to dialogue, seeking solutions based on technical criteria that meet the demands of society. The company added that it remains committed to fully repairing the damages caused.Iron ore fundamentals have improved and the valuation of the ferrous market is expected to rise, analysts at Galaxy Futures said in a note.
A new report by IDTechEx states that even though investing in e-haul trucks could result in major savings for miners, adoption is still in its nascent stages.Gold output hit 45,937 ounces in Q1, up from 39,730 ounces from last year, with a small initial contribution from Mara Rosa, in Brazil.
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