Vale says Brazil court suspends Samarco damages lawsuit to help deal

Valecha Engineering

16/03/2017 22:17

RIO DE JANEIRO, March 16 (Reuters) - Brazilian iron ore 
miner Vale SA  VALE5.SA  said on Thursday that a federal court 
in Minas Gerais has suspended a case brought by prosecutors 
seeking 155 billion reais ($49.7 billion) in damages for the 
2015 Samarco mine disaster. 
    Vale said in a securities filing the court suspended other 
lawsuits to facilitate negotiation of a final deal on damages 
resulting from the collapse of a tailings dam at the mine - a 
joint venture between Vale and the world's largest mining 
company, BHP Billiton Ltd  BHP.AX  BHP.N  BLT.L .    
 ($1 = 3.1180 reais) 
 
 (Reporting by Anthony Boadle; Editing by Daniel Flynn) 
 ((Twitter @anthonyboadle Email anthony.boadle@tr.com; +55 61 
98204-1110; Reuters Messaging: 
anthony.boadle.thomsonreuters.com@reuters.net)) 
 
Keywords: VALE SA SAMARCO/