You are here: Home > Steel News > Latest Steel News > Brazilian...

Brazilian prosecutors seek suspension of Samarco’s BRL 20 billion deal over Mariana disaster

Tuesday, 31 May 2016 23:53:53 (GMT+3)   |   Sao Paulo
       
Brazil’s Ministerio Publico Federal (MPF), a body of public prosecutors, has demanded the suspension of a BRL 20 billion deal signed by local pellets producer Samarco, Brazil’s government and the states of Minas Gerais and Espirito Santo.

According to the MPF appeal, popular participation in the formulation of the deal has been absent.  There is also a lack of ability for federal entities to rule over the victims’ rights, said Felicio Pontes Junior, Brazil’s federal attorney, who signed the embargos that impugned the deal.

The prosecutors argued the time spent to discuss and define the deal was “too short.”

The deal was approved by Brazil’s federal justice on May 5, 2016.


Similar articles

Reference price unchanged for Brazilian slabs exports

14 Nov | Flats and Slab

Brazilian HRC export price declines slightly in two weeks

14 Nov | Flats and Slab

Net loss increases at Brazil’s CSN

14 Nov | Steel News

Exports of niobium ferroalloys from Brazil increase in October

12 Nov | Steel News

Gerdau suggests higher tax on Chinese steel imports

12 Nov | Steel News

Brazilian high-grade iron ore price declines from last week

11 Nov | Scrap & Raw Materials

Exports of heavy plates from Brazil decline in October

11 Nov | Steel News

Wire rod exports from Brazil increase in October

10 Nov | Steel News

Reference price stable for Brazilian slabs exports

08 Nov | Flats and Slab

Brazilian pig iron exports increase in October

07 Nov | Steel News