The amount, required by court decision, will be used as a way to ensure possible payment of fines, for what happened in Brumadinho, Minas Gerais
Vale, the mining company responsible for the disaster in Brumadinho (Minas Gerais), reported that, by court decision, it must present guarantees totaling around R$ 7,9 billion, by July 23, as a way of ensuring possible payment of fines. , due to the accident.
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According to the company, the demand for the guarantee came after the judge of the Court of Justice of Minas Gerais rejected a request for suspension, presented by the company. Vale informed that it “will appeal the decision and will adopt all necessary measures to ensure its right of defense within the legal deadlines”.
In an article published by Reuters, the court's decision is due to an action promoted by the Public Ministry of the State of Minas Gerais. Prosecutors from the MP-MG asked for the company to be condemned for committing an act of corruption and for the obligation to fully repair the damage caused by the rupture of the dam.
The billionaire amount had already been demanded in May of this year, however, Vale managed to obtain an injunction to suspend the decision. What was commented on by attorneys from Minas Gerais was that the required amount was the highest ever recognized in a lawsuit of this nature in Brazil.
