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Foundation: Brazil's Samarco to Pay $512.5M to Disaster Victims

Brazil's Samarco Mineração SA expects to pay up to 2 billion reais ($512.5 million) this year to 19,000 families affected by the 2015 mining disaster in the state of Minas Gerais, the foundation created to pay the victims said Wednesday. The first families to receive payments will be "the most vulnerable," said Roberto Waak, president of the foundation. The disaster, Brazil's worst environmental catastrophe, occurred when...

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