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Banco Safra sues Samarco in US court over Brazil dam disaster

By: Reuters     15th November 2016 Brazilian mining company Samarco Mineração was sued by creditors in the US on Monday, accusing it of making false statements about a deadly dam disaster in November 2015. Banco Safra's Cayman Islands branch, individually and on behalf of investors holding Samarco's bonds due in 2022, 2023 and... 

Brazil court rules Vale, BHP, Samarco to deposit $354m after dam burst

By: Reuters     11th November 2016 Brazilian iron-ore mining joint venture Samarco Mineração and its controllers Vale and BHP Billiton have 30 days to make a deposit of 1.2-billion reais ($354-million) to fund preparatory measures after last year's dam disaster, Vale said on Friday. According to a securities filing, a Brazilian... 

Stalled BHP-Vale mine said seeking waiver on bank repayments

By: Bloomberg     13th August 2016 Brazilian miner Samarco is seeking a standstill agreement on about $1.6-billion in bank loans as its owners BHP Billiton and Vale refuse to cover debt payments, people with knowledge of the matter said. The iron-ore venture, whose operations were halted last year after a dam spill, is asking... 

Samarco mine, Brazil

By: Sheila Barradas     20th May 2016 An iron-ore mine, located in the state of Minas Gerais, in south-east Brazil. 

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