Vale, BHP, and Samarco Reach $18 Billion Settlement Over Dam Collapse

Reported about 1 month ago

Vale, BHP, and their joint venture Samarco are reportedly close to finalizing a deal with Brazilian authorities to pay approximately 100 billion reais ($18 billion) for the aftermath of the 2015 Mariana dam collapse, which resulted in the deaths of 19 individuals and widespread environmental damage. A final agreement is expected soon, surpassing their previous offer of 82 billion reais.

Source: YAHOO

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