Anglo-Australian mining giant and Brazilian company Vale reach agreement to fund compensation over Samarco dam disaster that killed 17 people BHP Billiton has agreed to a $1.55bn settlement with Brazilian authorities over the Samarco dam disaster.
The Anglo-Australian mining giant and its joint venture partner Vale say they enjoy set up a fund worth 4.4bn Brazilian reals to be distributed through 2018.
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Source: theguardian.com