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BHP Billiton, Vale set deadline for Samarco disaster claims
BHP Billiton and Vale have until June 30 to settle the largest civil claim stemming from its joint venture Samarco's dam disaster in Brazil that occurred on Nov 5, 2015. The companies entered into a preliminary agreement with the federal prosecutor's office in Brazil to negotiate a settlement of the $47.5 billion claim. The Fundao dam failure at Samarco released 32 million cubic meters of tailings that flowed all the way to the Doce River devastating numerous communities along the way. Nineteen people were killed during the disaster. Samarco, Vale and BHP Billiton Brasil will provide an interim security of about $675 million to support social and environmental remediation programs.
BHP Billiton, Vale set deadline for Samarco disaster claims
BHP Billiton and Vale have until June 30 to settle the largest civil claim stemming from its joint venture Samarco's dam disaster in Brazil that occurred on Nov 5, 2015. The companies entered into a preliminary agreement with the federal prosecutor's office in Brazil to negotiate a settlement of the $47.5 billion claim. The Fundao dam failure at Samarco released 32 million cubic meters of tailings that flowed all the way to the Doce River devastating numerous communities along the way. Nineteen people were killed during the disaster. Samarco, Vale and BHP Billiton Brasil will provide an interim security of about $675 million to support social and environmental remediation programs.
BHP Billiton, Vale set deadline for Samarco disaster claims
2017
Article (Journal)
English
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