Samarco, BHP and Vale Agree to Pay $5B in Damages for Brazil Mining Disaster
Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais ($5.1 billion) in damages over 15 years for a deadly dam spill in November.
Boadle, A., and S. Eisenhammer. 2016. Samarco, BHP and Vale agree to pay $5B in damages for Brazil mining disaster. Insurance Journal, 3 March. San Diego, California.