Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Prosecutors to decide in September on Samarco dam spill charges

Published 30/08/2016, 23:00
© Reuters. A helicopter flies over the Bento Rodrigues district, covered with mud after a dam owned by Vale SA and BHP Billiton Ltd burst in Mariana
BHP
-
VALE
-

By Marta Nogueira

BELO HORIZONTE, Brazil (Reuters) - Federal prosecutors investigating the deadly dam spill in November at the Samarco iron ore mine, owned by Vale SA (SA:VALE5) and BHP Billiton (AX:BHP), will decide in coming weeks whether to charge the company and executives, a prosecutor in the case said on Tuesday.

A police investigation accused Samarco in June of willful misconduct, saying the company ignored clear signs the dam was at risk of collapsing. The investigation is now with prosecutors, who are deciding whether to file charges.

Samarco denies any wrongdoing.

"The task force is at this moment concluding the analysis of the documents from the investigation," prosecutor Eduardo Santos de Oliveira said in an interview, declining to comment further on what charges might be brought or whether the case might be dismissed.

He said a decision was expected in September.

De Oliveira's comments come the day after Samarco, Vale and BHP published a report into the cause of the dam collapse, which killed 19 people and resulted in Brazil's worst environmental disaster.

The report found the spill was caused by drainage and design flaws but stopped short of assigning blame, saying such a verdict was outside its scope.

De Oliveira said the report, which was commissioned by the mining companies and carried out by law firm Cleary Gottlieb Steen & Hamilton, would be considered in any decision to bring charges but that at first glance the report appeared to have little new information.

© Reuters. A helicopter flies over the Bento Rodrigues district, covered with mud after a dam owned by Vale SA and BHP Billiton Ltd burst in Mariana

(writing by Stephen Eisenhammer; Editing by Cynthia Osterman)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.