"Vale, BHP Propose $25B Deal To Settle Reparations For Mariana Disaster" - U.S. News
Author: Benzinga Newsdesk | April 29, 2024 08:39am
https://www.usnews.com/news/world/articles/2024-04-29/vale-bhp-propose-25-billion-deal-to-settle-reparations-for-mariana-disaster#:~:text=SAO%20PAULO%20(Reuters)%20%2D%20Vale,people%20and%20left%20hundreds%20homeless.
Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and left hundreds homeless.
The proposal, the Brazilian mining giant said in a securities filing on Monday, foresees the total payment of 127 billion reais ($24.88 billion), including 37 billion reais already disbursed.
Posted In: BHP VALE