Lula: money from the Mariana agreement needs to be used well and will be managed by BNDES

BRASÍLIA (Reuters) – President Luiz Inácio Lula da Silva this Friday demanded that the government receive the resources from the billion-dollar repair agreement for the collapse of a dam in Mariana (MG) concluded by the government with the mining companies Vale (VALE3 ), BHP and Samarco are well used.

In a speech during the signing ceremony of the agreement, which provides for the payment of 100 billion reais in new resources, Lula demanded that his government’s ministries carry out projects to use the money to “repair a misfortune that a company caused”.

The president also said that the resources will be managed by the National Bank for Economic and Social Development (BNDES).

Also read

Minister sees new moment in Brazilian mining with change in Vale’s management

Alexandre Silveira spoke at the signing ceremony of the compensation agreement for the damage caused in the Mariana tragedy

Mariana agreement extinguishes 146 lawsuits and 15 civil inquiries

The agreement also paves the way for another 95 actions to be extinguished, according to the document

An iron ore tailings dam from Samarco, a joint venture between Vale and BHP, broke in November 2015 and released a wave of giant mud that left 19 dead, hundreds homeless and hit communities, forests and rivers, including the Doce River to the sea in Espírito Santo.

Spreadsheet

3rd quarter results

Access the secret InfoMoney spreadsheet for free to follow the balance sheet season. Click the link below to receive yours by email.

I WANT TO RECEIVE