Brazil: mining company agrees to compensation for 17.000 relocations in a capital city

Jan 16, 2020

Brazilian petrochemical producer Braskem SA has agreed to a 2.7 billion reais (US$ 667 million) settlement with federal and state authorities in the northeastern state of Alagoas to cover damage caused by a salt mining project there.

Preferred shares in the company surged as much as 8% on the news, to a five-month high and on track for their biggest one-day gain since May 20, as investors breathed a sigh of […]

The post about "Brazil: mining company agrees to compensation for 17.000 relocations in a capital city” situation in 180 days” appeared first in Merco Press website.

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