Instituto Cordilheira

Fabio Schvartsman and Gerd Peter Poppinga attended a Securities and Exchange Commission (CVM) trial session, last Tuesday, October 1st. Poppinga was convicted by one of the CMV directors, but the second CMV director requested more time to review the case files, postponing the judgment by 60 days. Victims’ families and supporters will have to keep waiting for justice regarding one of Brazil’s worst human and environmental disasters. 

As shareholders in Brazilian mining giant Vale S.A prepare to gather online for the company’s Annual General Meeting (AGM), communities from Brazil to Indonesia criticize the company’s track record on human rights and environmental stewardship. They also point to the almost $50 billion in mounting lawsuits against the company as a risk factor that should serve as a warning sign to investors.