The company’s arguments contesting the jurisdiction of British courts have been rejected, and the mining giant must submit a statement by Nov. 10. The tailings dam collapsed eight years ago and left 19 dead.
A federal ruling stipulates that the amount should fund repair work in communities in Espírito Santo state which the two construction giants were reluctant to recognize as affected by the 2015 dam collapse.
The lawsuit had been pending since April 2022 and was filed by the Securities and Exchange Commission, the agency responsible for regulating the stock market in the USA.
They are linked to mining giant Vale and Germany’s Tüv Süd. The tailings dam breached four years ago in Minas Gerais in one of Brazil’s biggest environmental tragedies.
Among the chief measures is the creation of two funds aimed at the compensation for the breach of the Mariana dam, in Minas Gerais state, which occurred in November 2015.