Final settlement for Brazil s Samarco dam disaster could reach $19 bln, governor says 20 Jul 2021 / 08:00 H. FILE PHOTO: The debris of the municipal school of Bento Rodrigues district, which was covered with mud after a dam owned by Vale SA and BHP Billiton Ltd burst, is pictured in Mariana, Brazil, November 10, 2015. -Reuters
RIO DE JANEIRO: A definitive settlement with miner Samarco and owners, BHP Group and Vale SA, for the damage caused by a burst tailings dam in 2015 could reach 100 billion reais ($19.06 billion), the governor of the Brazilian state where the disaster occurred told Reuters.
That estimate is nearly four times higher than an initial deal struck with mining companies in 2016, which created a foundation to implement reparations and temporarily froze lawsuits relating to the incident.
BHP Group s portfolio positively leveraged to the megatrends of decarbonisation, electrification and population growth
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Final Settlement for Brazil s Samarco Mining Dam Disaster Could Reach $19 Billion
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