Samarco Minercao: summary and progress on court cases and fines

Over two years after the disaster, there is still no complete assessment of the socio-environmental and socio-economic damages suffered by the affected communities.

As reported in Dirty Profits 6 – In March 2016, Samarco, Vale and BHP Billiton signed an agreement with the federal and state governments for socioeconomic and environmental recovery work worth a total of around BRL20bn over 15 years.   ... →

Vale S.A.: Vale involved in controversial dam project Belo Monte

Environmental damages in Brazil

The Belo Monte dam in the Amazonian Rainforest is a very controversial project. Nevertheless, it is supported by many investors, including Vale. The company will put $ 1,4 billion into the construction in order to have a stake in the consortium building the dam.

Initially planned for 2015, Belo Monte will be the third largest hydroelectric dam in the world.   ... →