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20.51 ▼ 2.01% B3SA3 15.61 ▼ 0.26% WEGE3 45.72 ▲ 0.11% PRIO3 59.29 ▼ 2.06% SUZB3 42.07 ▼ 0.85% RENT3 37.19 ▲ 0.13% AZZA3 16.90 ▼ 0.88% CSAN3 3.85 ▼ 1.28% RAIZ4 0.28 ▲ 3.70% PCAR3 2.87 — 0.00% GMAT3 3.85 ▼ 0.52% PSSA3 54.83 ▼ 0.63% CVCB3 1.34 ▲ 2.29% POSI3 3.60 ▼ 1.91% SLCE3 13.76 ▼ 0.07% NATU3 8.43 ▼ 1.52% BRKM5 6.09 ▼ 1.30% RANI3 7.93 — 0.00% CSNA3 5.35 ▲ 0.94% CMIN3 5.86 ▲ 0.51% USIM5 8.46 ▼ 0.35% GGBR4 24.22 ▲ 0.67% ENEV3 25.08 ▼ 2.41% CPFE3 45.54 ▼ 1.47% CMIG4 11.05 ▼ 1.25% EQTL3 38.41 ▼ 1.56% LREN3 13.26 ▼ 0.82% VIVT3 35.56 ▲ 2.48% RAIL3 13.69 ▼ 1.93% KLABIN 17.43 ▼ 1.30% RAIA DROGASIL 18.05 ▼ 0.77% RDOR3 33.26 ▼ 1.22% HAPV3 10.23 ▼ 2.29% FLRY3 16.39 ▼ 1.15% SMTO3 15.30 ▼ 2.61% UGPA3 32.85 ▼ 1.62% VBBR3 35.24 ▼ 1.01% BBSE3 41.58 ▼ 1.93% BPAC11 55.30 ▼ 1.78% CURY3 29.58 ▼ 0.14% AERI3 2.03 ▲ 0.50% VIVARA 21.27 ▼ 0.84% COMPASS 24.85 ▼ 0.92% VAMOS 3.23 ▲ 0.62% SANB11 26.41 ▼ 0.83% ASAI3 7.86 ▼ 2.00% SBSP3 28.45 ▼ 1.04% WALMEX 47.65 ▲ 0.65% GMEXICO 210.15 ▲ 0.43% FEMSA 223.26 ▲ 0.41% 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▲ 3.70% PCAR3 2.87 — 0.00% GMAT3 3.85 ▼ 0.52% PSSA3 54.83 ▼ 0.63% CVCB3 1.34 ▲ 2.29% POSI3 3.60 ▼ 1.91% SLCE3 13.76 ▼ 0.07% NATU3 8.43 ▼ 1.52% BRKM5 6.09 ▼ 1.30% RANI3 7.93 — 0.00% CSNA3 5.35 ▲ 0.94% CMIN3 5.86 ▲ 0.51% USIM5 8.46 ▼ 0.35% GGBR4 24.22 ▲ 0.67% ENEV3 25.08 ▼ 2.41% CPFE3 45.54 ▼ 1.47% CMIG4 11.05 ▼ 1.25% EQTL3 38.41 ▼ 1.56% LREN3 13.26 ▼ 0.82% VIVT3 35.56 ▲ 2.48% RAIL3 13.69 ▼ 1.93% KLABIN 17.43 ▼ 1.30% RAIA DROGASIL 18.05 ▼ 0.77% RDOR3 33.26 ▼ 1.22% HAPV3 10.23 ▼ 2.29% FLRY3 16.39 ▼ 1.15% SMTO3 15.30 ▼ 2.61% UGPA3 32.85 ▼ 1.62% VBBR3 35.24 ▼ 1.01% BBSE3 41.58 ▼ 1.93% BPAC11 55.30 ▼ 1.78% CURY3 29.58 ▼ 0.14% AERI3 2.03 ▲ 0.50% VIVARA 21.27 ▼ 0.84% COMPASS 24.85 ▼ 0.92% VAMOS 3.23 ▲ 0.62% SANB11 26.41 ▼ 0.83% ASAI3 7.86 ▼ 2.00% SBSP3 28.45 ▼ 1.04% WALMEX 47.65 ▲ 0.65% GMEXICO 210.15 ▲ 0.43% FEMSA 223.26 ▲ 0.41% CEMEX 21.55 ▲ 0.33% GFNORTE 191.69 ▲ 1.28% BIMBO 58.65 ▼ 0.73% TELEVISA 9.73 ▼ 0.61% AMX 22.89 ▲ 0.57% GAP 375.24 ▼ 0.32% ASUR 268.00 ▼ 0.68% OMA 226.45 ▼ 0.38% KOF 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Friday, July 24, 2026

Brazil Business - Brazil

Braskem’s Reckoning: Federal Police Indict 20 Over Maceió Ground Sinking Disaster

By · November 2, 2024 · 2 min read

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Brazil’s Federal Police formally accused Braskem and 19 individuals of crimes related to ground sinking in Maceió. The accusations stem from decades of rock salt mining that caused severe environmental damage and displaced thousands of residents.

Braskem began extracting rock salt in Maceió during the 1970s. The company used the salt to produce various household and industrial products. However, their mining activities created underground cavities that destabilized the ground above.

In 2018, residents noticed alarming cracks and tremors in five neighborhoods. Braskem halted operations in 2019 as authorities began evacuating the affected areas. Approximately 60,000 people have been forced to abandon their homes due to the disaster.

The investigation concluded on November 1, 2024. They accused 20 suspects of environmental crimes, damage to public property, and using false reports. The indictments include Braskem employees and contractors.

Braskem's Reckoning: Federal Police Indict 20 Over Maceió Ground Sinking Disaster. (Photo Internet reproduction)
Braskem’s Reckoning: Federal Police Indict 20 Over Maceió Ground Sinking Disaster. (Photo Internet reproduction)
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Braskem has set aside R$15.5 billion ($2.72 billion) for compensation and remediation efforts. The company claims to have offered financial compensation to 99.9% of affected residents. They have already disbursed R$9.2 billion ($1.61 billion) since 2018.

Braskem’s Reckoning: Federal Police Indict 20 Over Maceió Ground Sinking Disaster

However, many victims argue that the compensation is inadequate. Some have taken their fight to Dutch courts, where Braskem manages its European subsidiaries. In July 2024, the Rotterdam Court ruled against Braskem, ordering compensation for nine Maceió residents.

This ruling could set a precedent for future cases against multinational corporations operating in Brazil. It highlights the growing trend of holding companies accountable for environmental disasters in their home countries.

A Parliamentary Inquiry Commission in the Brazilian Senate has also recommended 14 indictments related to the disaster. These include Braskem executives, former employees, and collaborators accused of negligence and responsibility.

Braskem Reports Strong Domestic Sales Amid Weaker Exports in Q3 2024

The Maceió case serves as a stark reminder of the potential consequences of unchecked industrial activities. It underscores the need for stricter regulations and oversight in extractive industries to protect communities and the environment.

As legal proceedings continue, the focus remains on ensuring justice for affected residents. The case also raises questions about corporate responsibility and the balance between industrial development and environmental protection.

 

Live Company IntelligenceBraskem S.A — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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◆ Live Company Intelligence
Braskem
SA: BRKM5BRKM5Basic MaterialsChemicals8,233 employees
R$4.84B
Market cap

Valuation & profitability

Market capR$4.84B
Revenue (TTM)R$66.74B
Profit margin-13.7%
Return on equity-548.8%

Price & risk

52-wk low
$5.70
52-wk high
$13.78
Beta (volatility)0.72
200-day average$8.71

Revenue trend · 6y

20202025
Latest R$70.72B

Ownership

Institutions16.4%
Shares outstanding345M

Dividend

No regular dividend — earnings reinvested for growth.
What Braskem does. Braskem S.A., together with its subsidiaries, engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil. The company supplies electricity and other inputs to second-generation producers; sells utilities, such as steam, water, compressed air and industrial gases; industrial services; and engages in the production, supply, and sale…
Data: EODHD fundamentals (BRKM5.SA) · figures in BRL · as of 24 Jul 2026More company intelligence →

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