abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

The content is also available in the following languages: français

Article

19 Oct 2024

Author:
The West Australian,
Author:
RFI

Vale & BHP close to reaching multibillion-dollar compensation deal with Brazil over deadly 2015 dam collapse

Antonio Cruz/Agência Brasil

"Miners Vale, BHP finalising deal with Brazilian authorities for giant $45b settlement over dam disaster", 19 October 2024

Vale and BHP are a step closer to finalising a deal with Brazilian authorities to pay about $45 billion in damages over the deadly 2015 Samarco dam disaster.

...

...Vale said the deal would include $26 billion in compensation to be paid over 20 years to Brazil’s Federal Government, the States of Minas Gerais and Espirito Santo as well as affected municipalities.

...

BHP issued a similar statement on ... after Brazilian media reported that a final deal could be signed as soon as October 25.

“The negotiations between the parties are ongoing and no final agreement has been reached on the settlement amount or terms,” the statement released via the New York Stock Exchange said.

...

The $45 billion deal, which has yet to be finalised, is a big step up from Vale SA and BHP’s last offer in April — which was of around $33.3 billion.

...

Timeline

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.