Brazil seeks $20.7 billion from Vale, BHP over 2015 dam collapse
The government has also set a 12-year period for the payments to be made.
The government has also set a 12-year period for the payments to be made.
Onca Puma, which has an estimated annual nominal capacity of 27,000 tonnes, had its operating licence suspended earlier this year.
Vale intends to announce a new CEO by December 3.
Special licence is part of a wider deal that will see state-owned holding MIND ID become PT Vale’s largest shareholder, with 34% ownership.
Minas Gerais and Espirito Santo states have asked a court to order Vale and BHP to pay a total 100 billion reais.
A substitute federal judge of a court in Minas Gerais state said the issue had already been resolved in the previous ruling.
Imports by China, the world's biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric tons.
The government stated that if this amount is not paid within 15 days, it will petition to block the assets of Vale, BHP, and Samarco.
The government wants the next CEO to have ties with states, municipalities and regulators.
Miners had earlier this week presented authorities with an offer to pay $25 billion as reparations for the dam collapse.
The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.