Brazil's Samarco requests extension for dam disaster guarantee

Reuters News
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Posted: Jan 09, 2017 4:36 PM

BRASILIA (Reuters) - Brazilian miner Samarco and its shareholders Vale SA and BHP Billiton have requested to extend until Jan. 19 a deadline to pay 1.2 billion reais ($375.39 million) in guarantees related to the collapse of a tailings dam in 2015, Vale said in a statement on Monday.

The payment was meant to be made to a court in Minas Gerais state by Monday.

($1 = 3.1967 reais)

(Reporting by Stephen Eisenhammer; editing by Diane Craft)