Author: Rafaela Lindeberg,Charles Daly

The lawsuit stems from the collapse in 2015 of the Mariana dam in southeastern Brazil, owned and operated by the Samarco joint venture of BHP and Vale. The proposed settlement includes around $800 million in compensation for victims and $600 million to cover legal costs associated with the High Court proceedings, the report said, citing people familiar with the matter. BHP and Vale did not immediately respond to Reuters’ requests for comment.Read More

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