(Bloomberg) Brazil’s government rejected mining giants Vale SA and BHP Group Ltd.’s offer to pay about $25.7 billion (127 billion reais) in total compensation for a 2015 tailings dam disaster at the companies’ iron ore joint venture Samarco Mariana.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventTrump Auditions VP Picks Before Wealthy D
Brazil Rejects Vale-BHP s Offer in 2015 Deadly Dam Collapse bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Petrobras matched Kuwaitâs oil production in 2020 By Carlos Caminada on 1/8/2021
(Bloomberg) Petrobras wrapped up 2020 with record oil production just as most of its peers reeled from the worst crude-market crash in history.
In a year that brought the U.S. shale industry to its knees, the Brazilian state-run giant pumped an all-time-high 2.3 million barrels a day of crude, according to a statement Thursday. Thatâs about the same as OPEC member Kuwait.
Operating some of the largest offshore oil finds this century, the Rio de Janeiro-based explorer is reaping the results of a five-year plan to develop fields that rival Saudi Arabiaâs in low-cost production.