28/03/2017
Because of its operations paralyzed since November 2015, Samarco was the subject of a study carried out by Tendências Consultoria Integrada, a company specialized in economic, financial and political analyzes, contracted by BHP Billiton.
The study estimates the direct and indirect impacts due to Samarco’s inactivity on relevant economic variables. Among the results, the study points out that about 20,000 jobs may be at risk within the next year if Samarco does not re-operate in the states of Minas Gerais and Espírito Santo in 2017.
Based on the results of the study, in 2017, each month of inactivity represents, on average, R$ 358 million of lost revenue. Over ten years, the lost revenue accumulated would reach R$ 52.7 billion.
To learn more about the economic and social consequences for Espírito Santo and Minas Gerais, access here the full report.
Jobs at risk
With the suspension of its operations, Samarco stops creating direct and indirect jobs.
4.111
Espirito Santo
14.531
Minas Gerais
19.183 Brasil
Financial income
The loss of total revenue from inactivity
R$ 4.4 billion in the revenue generated in the country in 2017
R$ 52.7 bi
Estimation of the total billing loss
Taxes
The total loss of tax revenue in 2017 was:
R$ 206 million
Espirito Santo
R$ 138 million
Minas Gerais
R$ 12 billion
The total taxes that would not be collected in 10 years
Exportation
US$ 766 millions
Losses in exportations that would not be made in 2017
A loss of 3% of the exportations and 1% of the GDP of Espírito Santo
A loss of 8% of the exportations and 3% of the GDP of Minas Gerais
The wage bill
The total loss of tax revenue in 2017 was:
R$ 283 million in formal employment in Espírito Santo in 2017
R$ 916 million in formal employment in Minas Gerais in 2017
R$ 12.8 billion total loss in the mass of income in the country in the next 10 years.
