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Market
International involvement in Vale and BHP's settlement negotiations by mid-2025
4
Resolution / Starting Odds
UN involved • 25%
EU involved • 25%
US involved • 25%
No international involvement • 25%
Public announcements from international bodies or governments
Story
Brazil Rejects Vale, BHP's $25.7 Billion Offer for 2015 Disaster That Killed 19
May 3, 2024, 04:24 PM
Mining giants Vale and BHP, along with their joint venture Samarco and BHP's Brazilian subsidiary, proposed a settlement of approximately $25 billion to $26 billion to the Brazilian authorities for the 2015 Mariana tailings dam disaster, which killed 19 people and caused significant environmental damage. The Brazilian government and the state of Espirito Santo have rejected the settlement offer, which was about $25.7 billion in total compensation. The compensation claims for some affected parties could reach up to $25 million.
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UN-mediated peace talks • 33%
US diplomatic intervention • 33%
No international intervention • 33%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Significant increase • 33%
Moderate increase • 33%
No change • 34%
Increase in competitive mining investments • 33%
Implementation of trade restrictions or tariffs • 33%
No significant response • 34%
Adopt similar legal strategies • 33%
Refrain from similar actions • 33%
Strengthen international cooperation • 34%
Successful • 33%
Unsuccessful • 33%
Pending • 34%
No further involvement • 25%
Involvement by France • 25%
Involvement by the United States • 25%
Involvement by the European Union • 25%