BHP, Vale Ink $30 Billion Settlement for Brazil Dam Disaster [Yahoo! Finance Canada]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Yahoo! Finance Canada
(Bloomberg) -- BHP Group and Vale SA have signed a 170 billion-real ($29.8 billion) settlement with Brazil over the deadly Mariana dam collapse in 2015 at their iron ore joint venture. Most Read from Bloomberg The settlement, which includes 38 billion reais, or about $6.7 billion, of money already spent by the companies, is the largest of its kind globally, according to Brazil's attorney general. It removes a significant legal overhang for the two mining giants, although BHP still faces a parallel class-action lawsuit in the UK tied to the disaster that involves as many as 620,000 people. The agreement was signed in Brasilia at a ceremony attended by representatives of the two companies, their Samarco Mineracao JV and Brazilian authorities including President Luiz Inacio Lula da Silva. It follows years of protracted negotiations over reparations and damages from the disaster, when a tailings dam collapsed at Samarco's mine in southeastern Brazil, unleashing a torrent of waste t
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Sec Filings
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- 10/30/24 - Form 6-K
- BHP's page on the SEC website