US EditionBrazil reaches a $23 billion settlement with mining firms over a 2015 environmental disaster
- Brazil's federal government reached a $23 billion settlement with mining companies for a 2015 dam collapse, described as the country's worst-ever environmental disaster.
- Samarco, a joint venture of Vale and BHP, will pay 132 billion reais over 20 years for damage caused by toxic mining waste.
- The settlement will compensate more than 300,000 victims, though victims continue to seek full reparations, as noted by President Luiz Inácio Lula da Silva.
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BHP reaches multibillion-dollar compensation deal with Brazil over 2015 dam collapse - Overpasses For America
Key Points BHP and Brazilian company Vale have reached a $45 billion settlement with Brazil over the 2015 Mariana dam collapse. The 2015 collapse at an iron ore mine killed 19 people, displaced hundreds, and caused flooding and pollution. BHP is contesting liability in a lawsuit worth up to $71 billion in London over its responsibility for the disaster. Australian multinational mining company BHP and Brazilian company Vale have reached a 170 …
Brazil's federal government today reached a settlement worth 132 billion reais (about $23 billion) with mining companies responsible for the 2015 dam collapse, which authorities in Brasilia called the country's worst environmental disaster.
Companies will disburse R$ 11.5 billion for the payments, which must be made within 150 days from the date of approval of the agreement, which will still be sent to the STF
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