"Vale, BHP Propose $25B Deal To Settle Reparations For Mariana Disaster"

"Vale, BHP Propose $25B Deal To Settle Reparations For Mariana Disaster" - U.S. News

-3.96%

-4.08%

BHP Billiton Limited Sponsored ADR

BHP

58.40

-3.96%

Vale S.A. Sponsored ADR

VALE

11.05

-4.08%

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.

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