Vale, BHP Offer $25.7 Billion for 2015 Brazil Dam Collapse Settlement

Apr 29, 2024, 01:45 PM

Mining giants Vale and BHP, along with their joint venture Samarco, have proposed a settlement to the Brazilian authorities amounting to approximately $25.7 billion to address reparations for the 2015 Mariana tailings dam disaster. The proposed settlement aims to compensate for the damages caused by the 2015 Brazil dam collapse, one of Brazil's worst environmental disasters, which occurred at their joint-venture iron ore complex.