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Brazil State Prosecutor Urges Vale, BHP to Settle Over Dam Disaster

Brazil State Prosecutor Urges Vale, BHP to Settle Over Dam Disaster
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Brazil orders Vale, BHP and Samarco to pay $9 7 billion in damages for dam disaster

Brazil state prosecutor urges Vale, BHP to settle over dam disaster

Miners Vale , BHP and their joint venture, Samarco, should strike a deal to compensate for a deadly dam disaster in 2015 or risk paying a lot more in court, the Minas Gerais state prosecutor general.

Brazil state prosecutor urges Vale, BHP to settle over dam disaster

Miners Vale, BHP and their joint venture, Samarco, should strike a deal to compensate for a deadly dam disaster in 2015 or risk paying a lot more in court, the Minas Gerais state prosecutor general told Reuters. In an interview on Friday, Minas Gerais state Prosecutor General Jarbas Soares Junior told Reuters that the federal ruling only accounts for collective damages, with the firms still on the hook for damages caused to states, to the environment and to other parties involved. Soares Junior is one of the many officials that would have to sign off on a deal that could settle lawsuits on state and federal levels involving the disaster.

Brazil state prosecutor urges Vale, BHP to settle over dam disaster

Brazil state prosecutor urges Vale, BHP to settle over dam disaster
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