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Brazil court extends deadline for Samarco to pay dam spill guarantee
January 11, 2017 / 9:09 PM / 9 months ago

Brazil court extends deadline for Samarco to pay dam spill guarantee

BRASILIA (Reuters) - A Brazilian judge has extended the deadline for Samarco and its shareholders Vale SA and BHP Billiton to make a 1.2 billion reais ($375.41 million) payment related to a dam spill to Jan 19, a statement from the court in the state of the Minas Gerais said on Wednesday.

The debris of the municipal school of Bento Rodrigues district, which was covered with mud after a dam owned by Vale SA and BHP Billiton Ltd burst, is pictured in Mariana, Brazil, November 10, 2015. REUTERS/Ricardo Moraes/File photo

The payment was due on Monday (Jan 9), but the companies applied for the date to be pushed back.

($1 = 3.1965 reais)

Reporting by Stephen Eisenhammer; Editing by Andrew Hay

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