Cargill and Bunge continue to destroy the Amazon region in Bolivia and Brazil

A new report released by Mighty Earth looks at global meat production and its impact on the South American rainforest. It investigates soy production by companies such as Cargill and Bunge, soy being an important input into cattle feed. Soy production in Brazil and Bolivia is contributing to serious deforestation. According to the report large scale forest clearing is being undertaken by Bolivian and Brazilian farmers who trade with Cargill.   ... →

Update: Dam Collapse in Brazil: Lawsuit against Executives

Bento Rodrigues, Mariana, Minas Gerais Local: Distrito de Bento Rodrigues, Município de Mariana, Minas Gerais.Foto: Rogério Alves/TV Senado | Bild (Ausschnitt): © Créditos: Rogério Alves/TV Senado (CC BY 2.0) [CC BY 2.0] - Wikipedia

Since the disastrous collapse of the tailings dam in the Brazilian state of Minas Gerais in November 2015 (which FACING FINANCE has reported on several times since the incident) the Brazilian public prosecutor’s office filed homicide charges against 21 executive staff members of the mining companies BHP Billiton (Australia), Vale S.A. (Brazil) and Samarco Mineração, which is a joint-venture between Vale and BHP Billiton.   ... →

Nestlé Coffee and forced labour

 Brasilianische Kaffeebohnen, Chess REO/ Flickr | Bild (Ausschnitt): © Albert Cesario [CC BY-NC-ND 2.0] - Flickr

Once again Nestlé is facing accusations related to its apparent inability to exclude violations of fundamental labour and human rights in its supply chain. After allegations of child labour in Côte d’Ivoire on Nestlé delivered cocoa plantations, and slave-like conditions in the production of Nestle cat food in Thailand, now Brazilian suppliers of Nestlé Coffee division are facing criticism due to forced labor – and thus once again Nestlé itself.   ... →

Chevron fined $17.5 mn over Brazil oil spill

(RTTNews) – Brazil’s National Petroleum Agency -ANP, has imposed a fine of 35.1 million Brazilian real or $17.3 million on US oil giant Chevron Corp. over its role in causing an oil spill last year in the Campos Basin, off the southern coastal state of Rio de Janeiro.

According to news reports, the fine imposed on Chevron by the Brazilian oil regulator was disclosed by ANP Director Magda Chambriard on the sidelines of the Rio Oil & Gas 2012 conference on Monday.   ... →

Vale S.A. : Contestation over unpaid royalties

Tax Avoidance in Brazil

In a dispute over unpaid royalties, Vale S.A. and the Brazilian authorities finally reached an agreement. Vale, the world´s largest iron-ore producer and the second biggest nickel-producer, had to pay around 4 billion Brazilian reais (approximately 2,22 billion $). This request of the Brazilian authorities initially concerned royalties for the period from 1996 to 2002 and was related to profits of Vale´s non-Brazilian subsidiaries and affiliates.   ... →

Vale S.A.: Vale obtains environmental license for its new iron ore project in a protected forest

Environmental threat in Brazil

It is a first step for Vale concerning its new iron ore project, after the Brazilian company has obtained a preliminary environmental license. Indeed, according to a press release of Vale on 27th June, the license had been put out by the IBAMA (Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis).   ... →