Justiça exige que a mineradora Vale apresente cerca de R$ 7,9 bilhões até o dia 23 de julho, como garantia do desastre de Brumadinho

Court Demands That Mining Company Vale Present About R$ 7.9 Billion By July 23 As Security for Brumadinho Disaster

Written by Roberta Souza

Published on 16/07/2020 at 10:06

Foto: reprodução

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The Amount Required by Court Decision Will Be to Ensure Potential Payment of Fines Related to the Incident in Brumadinho, Minas Gerais

Vale, the mining company responsible for the disaster in Brumadinho (Minas Gerais), announced that, by court decision, it must present guarantees totaling approximately R$ 7.9 billion by July 23, as a means of ensuring potential payment of fines related to the accident that occurred.

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According to the company, the requirement for the guarantee came after the appellate judge from the Court of Justice of Minas Gerais denied a request for suspension presented by the company. Vale stated that “it will appeal the decision and will take all necessary measures to ensure its right to defense within the legal deadlines.”

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In an article published by Reuters, the court’s decision stems from a lawsuit filed by the Public Ministry of the State of Minas Gerais. Prosecutors from MP-MG requested the company’s condemnation for engaging in corrupt practices and the obligation to fully repair damages caused by the dam’s rupture.

The billion-dollar amount had already been required in May of this year; however, Vale secured a preliminary injunction to suspend the decision. What was noted by mine prosecutors was that the amount required was the largest ever recognized in a court action of this nature in Brazil.

Court Demands That Mining Company Vale Present About R$ 7.9 Billion By July 23 As Security for Brumadinho Disaster

The Amount Required by Court Decision Will Be to Ensure Potential Payment of Fines Related to the Incident in Brumadinho, Minas Gerais

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Court Demands That Mining Company Vale Present About R$ 7.9 Billion By July 23 As Security for Brumadinho Disaster

The Amount Required by Court Decision Will Be to Ensure Potential Payment of Fines Related to the Incident in Brumadinho, Minas Gerais

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