UPDATE 1-Brazil requests immediate $15.7 billion payment from Vale, BHP for Mariana disaster
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2024
0mins
Source: Yahoo Finance
- Brazil's Government Request: Brazil's government filed a request in court for Vale, BHP, and Samarco to pay $15.73 billion for a 2015 dam collapse.
- Amount and Asset Block Requested: The solicitor general's office asked for 79.6 billion reais and requested asset blocking if not paid within 15 days.
- Companies' Responses: Vale, BHP, and Samarco stated they had not been formally notified about the request.
- Financial Impact: The conversion rate mentioned was $1 = 5.0601 reais.
- Additional Reporting: The news article includes reporting from various sources like Peter Frontini, Steven Grattan, and Marta Nogueira.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
