01:45 PM EDT, 03/19/2024 (MT Newswires) -- Vale (VALE) and Samarco are facing a 3 billion British pounds ($3.8 billion) lawsuit in the Netherlands brought by victims affected by the Mariana dam break in 2015, Reuters reported Tuesday, citing the victims' lawyers.

The lawsuit covers claims of about 1,000 businesses and more than 77,000 individuals, according to the report.

Dutch firm Lemstra Van der Korst and British firm Pogust Goodhead filed the lawsuit against Vale and Samarco's Samarco Iron Ore Europe unit, the Reuters reported.

Neither Vale nor Samarco immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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