Sigma Lithium Wins Brazil Appeal, Voiding $10 Million Environmental Order
Updated
Updated · Bloomberg · Jun 9
Sigma Lithium Wins Brazil Appeal, Voiding $10 Million Environmental Order
2 articles · Updated · Bloomberg · Jun 9
Summary
A Minas Gerais appeals judge overturned a lower-court decision that had forced Sigma Lithium’s operating unit to post $10 million in guarantees tied to environmental complaints at its sole mine.
The reversed order had also required precautionary steps sought by state prosecutors over alleged dust, noise and vibration impacts on nearby communities.
Sigma said the ruling eases uncertainty around the mine as the company pushes ahead with a major lithium expansion in Brazil.