Brazil court extends deadline for Samarco to pay dam spill guarantee

Reuters News
Posted: Jan 11, 2017 4:09 PM

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 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)