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Samarco Offers Millions to Brazil to Drop Dam-Break Lawsuits

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Thirty-nine municipalities in the states of Minas Gerais and Espirito Santo have been offered R$53 million to withdraw lawsuits against Samarco and its main shareholders, Brazil’s Vale and Anglo-Australian giant BHP Billiton, including those filed in the United Kingdom, according to government news agency Agencia Brasil.

"Payments to city halls will be made by sending the signed disbursement agreement and issuing the Municipal Collection Document (DAM)," reads the letter sent by Renova Foundation, according to the news agency.

The Renova Foundation, is the entity created by . . .

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