Samarco, Vale, BHP Sign Deal With Brazil Authorities Over Dam Disaster

Samarco, Vale, BHP Sign Deal With Brazil Authorities Over Dam Disaster

Chamber Articles Category: Political News Post Date: 06/26/18 Source: US News By: Marta Nogueira and Melanie Burton
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RIO DE JANEIRO/MELBOURNE (Reuters) - Samarco [SAMNE.UL] and parent companies Vale SA and BHP Billiton Ltd have signed a deal with Brazilian authorities that settles a 20 billion reais ($5.30 billion) lawsuit related to a 2015 dam burst that killed 19 people, Vale and BHP said on Monday.

The agreement, signed by prosecutors from the federal government and the states of Minas Gerais and Espirito Santo, mandates improvements in governance for the Renova Foundation, created to help victims of the accident, Vale said. Read Full Article