IBOV 173,582.10 ▼ 0.08% IPSA 10,808.58 ▼ 0.71% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,226,297 ▲ 0.82% COLCAP 2,298.34 ▲ 0.58% BVL PERÚ 55,645.90 — — USD/BRL5.09▼ 0.43% USD/MXN17.43▼ 0.63% USD/CLP933.35▼ 0.17% USD/COP3,253▼ 0.14% USD/PEN3.40▲ 0.27% USD/ARS1,481▲ 0.17% USD/UYU40.19▼ 0.10% USD/PYG6,031▼ 0.03% USD/BOB10.75▲ 0.94% USD/DOP58.30▲ 0.10% USD/CRC447.35▲ 0.28% USD/GTQ7.62▼ 0.05% USD/HNL26.74— 0.00% USD/NIO 36.62 — 0.00% USD/VES735.09▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.39% USD/TTD6.73▼ 0.21% EUR/BRL5.81▼ 0.58% BRENT 88.92 ▲ 0.93% WTI 82.44 ▼ 0.06% IRON ORE 161.91 — — COPPER 6.35 ▲ 2.04% GOLD 4,013 — 0.00% SILVER 56.73 ▲ 1.23% SOY 1,225 ▲ 1.70% CORN 472.50 ▲ 6.24% WHEAT 672.75 ▼ 1.46% COFFEE 323.50 ▼ 1.51% SUGAR 14.81 ▼ 0.13% ORANGE JUICE 146.90 ▲ 6.30% COTTON 78.88 ▲ 2.35% COCOA 5,507 ▼ 0.47% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.96 ▼ 2.08% PETR4 41.35 ▲ 1.10% VALE3 71.87 ▼ 1.47% ITUB4 42.43 ▲ 1.12% BBDC4 18.46 ▲ 0.93% ABEV3 15.82 ▲ 1.22% BBAS3 20.18 ▼ 1.51% B3SA3 15.30 ▲ 0.66% WEGE3 43.16 ▼ 1.08% PRIO3 58.08 ▲ 0.40% SUZB3 41.90 ▼ 0.07% RENT3 37.64 ▼ 1.54% AZZA3 18.20 ▼ 2.10% CSAN3 3.79 ▼ 1.30% RAIZ4 0.27 ▼ 6.90% PCAR3 2.62 ▲ 0.77% GMAT3 3.83 ▼ 1.29% PSSA3 54.34 ▼ 1.45% CVCB3 1.10 ▼ 9.84% POSI3 3.66 ▼ 3.68% SLCE3 13.64 ▲ 0.81% NATU3 8.69 ▲ 1.64% BRKM5 6.01 ▼ 2.91% RANI3 7.97 ▲ 0.25% CSNA3 5.08 ▲ 0.59% CMIN3 5.36 ▲ 0.56% USIM5 8.13 ▼ 1.22% GGBR4 23.73 ▼ 1.29% ENEV3 25.64 ▼ 0.16% CPFE3 46.45 ▼ 0.90% CMIG4 11.06 ▼ 0.54% EQTL3 39.35 ▼ 0.38% LREN3 13.31 ▼ 0.82% VIVT3 35.87 ▲ 0.99% RAIL3 13.57 ▼ 0.95% KLABIN 17.50 ▼ 0.46% RAIA DROGASIL 18.72 ▲ 0.92% RDOR3 35.55 ▼ 0.64% HAPV3 11.53 ▲ 1.32% FLRY3 16.63 ▲ 0.24% SMTO3 15.50 ▲ 0.32% UGPA3 31.75 ▼ 1.00% VBBR3 34.10 ▼ 2.35% BBSE3 41.15 ▲ 0.07% BPAC11 56.17 ▼ 0.02% CURY3 30.40 ▼ 0.88% AERI3 2.05 ▲ 1.49% VIVARA 21.75 ▼ 3.07% COMPASS 24.69 ▼ 0.76% VAMOS 3.10 ▼ 2.21% SANB11 27.17 ▲ 1.95% ASAI3 8.23 ▼ 3.18% SBSP3 29.07 ▼ 0.51% WALMEX 49.32 ▼ 0.34% GMEXICO 201.00 ▲ 0.20% FEMSA 227.26 ▲ 0.67% CEMEX 21.93 ▼ 3.52% GFNORTE 180.10 ▼ 0.68% BIMBO 59.52 ▲ 2.62% TELEVISA 9.73 ▲ 1.67% AMX 22.80 ▼ 0.87% GAP 377.26 ▼ 2.26% ASUR 273.88 ▼ 2.09% OMA 226.29 ▼ 1.88% KOF 180.84 ▲ 0.04% GRUMA 288.07 ▲ 0.56% KIMBER 38.49 ▼ 0.47% SQM-B 63,301 ▼ 3.28% COPEC 6,291 ▲ 0.67% BSANTANDER 77.11 ▲ 0.14% FALABELLA 5,832 ▼ 0.05% ENELAM 84.69 ▲ 0.77% CENCOSUD 1,993 ▼ 0.10% CMPC 1,071 ▲ 0.08% BANCO CHILE 187.99 ▼ 0.27% LATAM AIR 24.16 ▼ 2.42% YPF 79,150 ▲ 1.60% GGAL 7,840 ▼ 0.25% PAMPA 5,260 ▲ 1.74% TXAR 675.00 ▲ 1.66% ALUAR 960.00 ▲ 1.11% TGS 9,520 ▲ 1.60% CEPU 2,285 ▲ 0.93% MIRGOR 17,225 ▲ 2.07% COME 43.10 ▼ 1.69% LOMA NEGRA 3,580 ▲ 1.63% BYMA 292.50 ▼ 1.76% TELECOM ARG 4,163 ▲ 0.30% ECOPETROL 16.09 — 0.00% BANCOLOMBIA 80.96 ▲ 0.68% GRUPO AVAL 4.93 ▲ 0.20% CREDICORP 387.05 ▼ 0.90% SOUTHERN COPPER 175.59 ▲ 1.80% BUENAVENTURA 30.10 ▼ 0.46% MERCADOLIBRE 1,840 ▲ 1.45% NUBANK 14.10 ▲ 3.75% XP 16.97 ▲ 1.80% PAGSEGURO 9.30 ▲ 2.82% STONE 11.18 ▲ 0.27% GLOBANT 32.37 ▲ 0.43% TECNOGLASS 46.21 ▼ 0.58% GAP AIRPORT 216.24 ▼ 2.11% ASUR 273.88 ▼ 2.09% OMA AIRPORT 103.95 ▼ 1.29% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.19 ▲ 0.91% CEMEX ADR 12.57 ▼ 3.12% PETROBRAS ADR 18.27 ▲ 1.64% VALE ADR 14.09 ▼ 0.71% ITAU ADR 8.34 ▲ 1.65% SANTANDER BR 5.39 ▲ 2.77% AMBEV ADR 3.09 ▲ 1.82% CSN 1.01 ▲ 1.40% GERDAU 4.69 ▼ 0.64% LATAM ADR 51.75 ▼ 1.54% BTC 65,085 ▲ 0.61% ETH 1,897 ▲ 1.38% SOL 77.57 ▲ 1.59% XRP 1.12 ▲ 1.83% BNB 570.88 ▲ 0.08% ADA 0.17 ▲ 1.09% DOGE 0.07 ▼ 0.33% AVAX 6.56 ▲ 1.61% LINK 8.55 ▲ 2.14% DOT 0.82 ▲ 0.59% LTC 47.04 ▼ 0.00% BCH 217.52 ▲ 1.23% TRX 0.33 ▼ 0.12% XLM 0.19 ▼ 0.16% HBAR 0.07 ▼ 0.56% NEAR 1.97 ▲ 2.90% ATOM 1.49 ▲ 1.09% AAVE 89.52 ▲ 0.21% SELIC 14.25% EMBRAER 83.42 ▲ 2.04% EMBRAER ADR 65.58 ▲ 2.32% JBS 12.04 ▲ 1.05% JBS BDR 61.15 ▲ 1.58% MBRF3 14.66 ▼ 2.46% MBRFY 2.90 ▼ 0.34% INTER 5.63 ▲ 4.84% EGX 53,126 ▲ 1.08% USD/ZAR16.51▼ 0.18% USD/NGN1,376▼ 0.20% NIKKEI 64,141 ▼ 4.03% CSI300 4,598 ▲ 1.53% HSI 25,143 ▲ 2.36% NIFTY 24,239 ▼ 0.39% KOSPI 6,516 ▼ 4.46% JCI 6,232 ▲ 0.91% USD/JPY162.52▲ 0.05% USD/CNY6.76▼ 0.28% DAX 24,847 ▲ 0.06% CAC 8,340 ▲ 0.02% FTSE 10,525 ▼ 0.71% MIB 51,863 ▼ 0.04% IBEX 19,207 ▼ 0.05% STOXX 639.60 ▼ 0.30% EUR/USD1.14▼ 0.06% GBP/USD1.34▼ 0.07% SPX 7,445 ▼ 0.17% DJI 51,856 ▼ 0.56% NDX 28,604 ▲ 0.04% RUT 2,950 ▼ 0.41% TSX 34,960 ▼ 0.86% VIX 18.37 ▼ 2.13% USD/CAD1.41▲ 0.36% US10Y 4.5980 ▲ 1.26% IBOV 173,582.10 ▼ 0.08% IPSA 10,808.58 ▼ 0.71% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,226,297 ▲ 0.82% COLCAP 2,298.34 ▲ 0.58% BVL PERÚ 55,645.90 — — USD/BRL 5.09 ▼ 0.43% USD/MXN 17.43 ▼ 0.63% USD/CLP 933.35 ▼ 0.17% USD/COP 3,253 ▼ 0.14% USD/PEN 3.40 ▲ 0.27% USD/ARS 1,481 ▲ 0.17% USD/UYU 40.19 ▼ 0.10% USD/PYG 6,031 ▼ 0.03% USD/BOB 10.75 ▲ 0.94% USD/DOP 58.30 ▲ 0.10% USD/CRC 447.35 ▲ 0.28% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.74 ▲ 0.00% USD/NIO 36.62 — 0.00% USD/VES 735.09 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.21% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.81 ▼ 0.58% BRENT 88.92 ▲ 0.93% WTI 82.44 ▼ 0.06% IRON ORE 161.91 — — COPPER 6.35 ▲ 2.04% GOLD 4,013 — 0.00% SILVER 56.73 ▲ 1.23% SOY 1,225 ▲ 1.70% CORN 472.50 ▲ 6.24% WHEAT 672.75 ▼ 1.46% COFFEE 323.50 ▼ 1.51% SUGAR 14.81 ▼ 0.13% ORANGE JUICE 146.90 ▲ 6.30% COTTON 78.88 ▲ 2.35% COCOA 5,507 ▼ 0.47% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.96 ▼ 2.08% PETR4 41.35 ▲ 1.10% VALE3 71.87 ▼ 1.47% ITUB4 42.43 ▲ 1.12% BBDC4 18.46 ▲ 0.93% ABEV3 15.82 ▲ 1.22% BBAS3 20.18 ▼ 1.51% B3SA3 15.30 ▲ 0.66% WEGE3 43.16 ▼ 1.08% PRIO3 58.08 ▲ 0.40% SUZB3 41.90 ▼ 0.07% RENT3 37.64 ▼ 1.54% AZZA3 18.20 ▼ 2.10% CSAN3 3.79 ▼ 1.30% RAIZ4 0.27 ▼ 6.90% PCAR3 2.62 ▲ 0.77% GMAT3 3.83 ▼ 1.29% PSSA3 54.34 ▼ 1.45% CVCB3 1.10 ▼ 9.84% POSI3 3.66 ▼ 3.68% SLCE3 13.64 ▲ 0.81% NATU3 8.69 ▲ 1.64% BRKM5 6.01 ▼ 2.91% RANI3 7.97 ▲ 0.25% CSNA3 5.08 ▲ 0.59% CMIN3 5.36 ▲ 0.56% USIM5 8.13 ▼ 1.22% GGBR4 23.73 ▼ 1.29% ENEV3 25.64 ▼ 0.16% CPFE3 46.45 ▼ 0.90% CMIG4 11.06 ▼ 0.54% EQTL3 39.35 ▼ 0.38% LREN3 13.31 ▼ 0.82% VIVT3 35.87 ▲ 0.99% RAIL3 13.57 ▼ 0.95% KLABIN 17.50 ▼ 0.46% RAIA DROGASIL 18.72 ▲ 0.92% RDOR3 35.55 ▼ 0.64% HAPV3 11.53 ▲ 1.32% FLRY3 16.63 ▲ 0.24% SMTO3 15.50 ▲ 0.32% UGPA3 31.75 ▼ 1.00% VBBR3 34.10 ▼ 2.35% BBSE3 41.15 ▲ 0.07% BPAC11 56.17 ▼ 0.02% CURY3 30.40 ▼ 0.88% AERI3 2.05 ▲ 1.49% VIVARA 21.75 ▼ 3.07% COMPASS 24.69 ▼ 0.76% VAMOS 3.10 ▼ 2.21% SANB11 27.17 ▲ 1.95% ASAI3 8.23 ▼ 3.18% SBSP3 29.07 ▼ 0.51% WALMEX 49.32 ▼ 0.34% GMEXICO 201.00 ▲ 0.20% FEMSA 227.26 ▲ 0.67% CEMEX 21.93 ▼ 3.52% GFNORTE 180.10 ▼ 0.68% BIMBO 59.52 ▲ 2.62% TELEVISA 9.73 ▲ 1.67% AMX 22.80 ▼ 0.87% GAP 377.26 ▼ 2.26% ASUR 273.88 ▼ 2.09% OMA 226.29 ▼ 1.88% KOF 180.84 ▲ 0.04% GRUMA 288.07 ▲ 0.56% KIMBER 38.49 ▼ 0.47% SQM-B 63,301 ▼ 3.28% COPEC 6,291 ▲ 0.67% BSANTANDER 77.11 ▲ 0.14% FALABELLA 5,832 ▼ 0.05% ENELAM 84.69 ▲ 0.77% CENCOSUD 1,993 ▼ 0.10% CMPC 1,071 ▲ 0.08% BANCO CHILE 187.99 ▼ 0.27% LATAM AIR 24.16 ▼ 2.42% YPF 79,150 ▲ 1.60% GGAL 7,840 ▼ 0.25% PAMPA 5,260 ▲ 1.74% TXAR 675.00 ▲ 1.66% ALUAR 960.00 ▲ 1.11% TGS 9,520 ▲ 1.60% CEPU 2,285 ▲ 0.93% MIRGOR 17,225 ▲ 2.07% COME 43.10 ▼ 1.69% LOMA NEGRA 3,580 ▲ 1.63% BYMA 292.50 ▼ 1.76% TELECOM ARG 4,163 ▲ 0.30% ECOPETROL 16.09 — 0.00% BANCOLOMBIA 80.96 ▲ 0.68% GRUPO AVAL 4.93 ▲ 0.20% CREDICORP 387.05 ▼ 0.90% SOUTHERN COPPER 175.59 ▲ 1.80% BUENAVENTURA 30.10 ▼ 0.46% MERCADOLIBRE 1,840 ▲ 1.45% NUBANK 14.10 ▲ 3.75% XP 16.97 ▲ 1.80% PAGSEGURO 9.30 ▲ 2.82% STONE 11.18 ▲ 0.27% GLOBANT 32.37 ▲ 0.43% TECNOGLASS 46.21 ▼ 0.58% GAP AIRPORT 216.24 ▼ 2.11% ASUR 273.88 ▼ 2.09% OMA AIRPORT 103.95 ▼ 1.29% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.19 ▲ 0.91% CEMEX ADR 12.57 ▼ 3.12% PETROBRAS ADR 18.27 ▲ 1.64% VALE ADR 14.09 ▼ 0.71% ITAU ADR 8.34 ▲ 1.65% SANTANDER BR 5.39 ▲ 2.77% AMBEV ADR 3.09 ▲ 1.82% CSN 1.01 ▲ 1.40% GERDAU 4.69 ▼ 0.64% LATAM ADR 51.75 ▼ 1.54% BTC 65,085 ▲ 0.61% ETH 1,897 ▲ 1.38% SOL 77.57 ▲ 1.59% XRP 1.12 ▲ 1.83% BNB 570.88 ▲ 0.08% ADA 0.17 ▲ 1.09% DOGE 0.07 ▼ 0.33% AVAX 6.56 ▲ 1.61% LINK 8.55 ▲ 2.14% DOT 0.82 ▲ 0.59% LTC 47.04 ▼ 0.00% BCH 217.52 ▲ 1.23% TRX 0.33 ▼ 0.12% XLM 0.19 ▼ 0.16% HBAR 0.07 ▼ 0.56% NEAR 1.97 ▲ 2.90% ATOM 1.49 ▲ 1.09% AAVE 89.52 ▲ 0.21% SELIC 14.25% EMBRAER 83.42 ▲ 2.04% EMBRAER ADR 65.58 ▲ 2.32% JBS 12.04 ▲ 1.05% JBS BDR 61.15 ▲ 1.58% MBRF3 14.66 ▼ 2.46% MBRFY 2.90 ▼ 0.34% INTER 5.63 ▲ 4.84% EGX 53,126 ▲ 1.08% USD/ZAR 16.51 ▼ 0.07% USD/NGN 1,376 ▼ 0.18% NIKKEI 64,141 ▼ 4.03% CSI300 4,598 ▲ 1.53% HSI 25,143 ▲ 2.36% NIFTY 24,239 ▼ 0.39% KOSPI 6,516 ▼ 4.46% JCI 6,232 ▲ 0.91% USD/JPY 162.52 ▲ 0.10% USD/CNY 6.7574 ▼ 0.15% DAX 24,847 ▲ 0.06% CAC 8,340 ▲ 0.02% FTSE 10,525 ▼ 0.71% MIB 51,863 ▼ 0.04% IBEX 19,207 ▼ 0.05% STOXX 639.60 ▼ 0.30% EUR/USD 1.1419 ▼ 0.24% GBP/USD 1.3436 ▼ 0.12% SPX 7,445 ▼ 0.17% DJI 51,856 ▼ 0.56% NDX 28,604 ▲ 0.04% RUT 2,950 ▼ 0.41% TSX 34,960 ▼ 0.86% VIX 18.37 ▼ 2.13% USD/CAD 1.4064 ▲ 0.33% US10Y 4.5980 ▲ 1.26%
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Brazil’s Samarco Gets Extension to Settle Dam Spill Damages

By · April 23, 2018 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – A Brazilian court in Belo Horizonte, Minas Gerais has extended the deadline for Samarco, Vale and BHP to present the final settlement related to one of Brazil’s worst environmental accidents, the Samarco dam rupture in 2015. This is the fourth extension given to the two mining giants, which have been ordered to pay more than R$155 billion in reparations.

Brazil, Minas Gerais,Massive mudslides leveled villages around the Samarco mining complex,
Massive mudslides leveled villages around the Samarco mining complex, photo by Antonio Cruz/Agência Brasil.
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The rupture of the dam and the consequent flooding of a large area surrounding the mining site with toxic waste water is considered to be the country’s biggest environmental disaster to date. The disaster left nineteen people dead, flooded farm land, destroyed native vegetation and polluted the Rio Doce from Mariana to the Atlantic Ocean.

In a press release last week, Samarco and its shareholders, Vale and BHP Billiton, reiterated their commitment to the communities and locations impacted by the rupture of the dam almost three years ago. The companies now have until the 25th of June to reach an agreement.

In addition to the R$155 billion lawsuit filed by federal prosecutors for economic, social and environmental damages caused by the accident, the three companies created the Renova Foundation. The Foundation has R$20 billion to implement more than 42 social programs along the Rio Doce Basin region to compensate those affected by the toxic spill.

In 2016 seven people were charged with homicide in relation to the accident, including Samarco’s CEO. Of the nineteen people killed by the tons of mud which destroyed the rural township of Bento Rodrigues, two have never been found. The toxic mud also contaminated 800km of the Rio Doce (Doce River), making its way from Bento Rodrigues into the state of Espirito Santo and the Atlantic Ocean.

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