BHP and Vale have reached a $1.4 billion settlement in a UK lawsuit related to the devastating mining dam disaster in Brazil, according to the Financial Times. The settlement resolves longstanding legal claims stemming from the catastrophic collapse of the Samarco dam in 2015, which caused significant environmental damage and loss of life. The agreement marks a major development in the ongoing litigation involving the two mining giants, as they seek to address liabilities arising from one of the worst industrial accidents in recent history.
BHP and Vale Reach Landmark Settlement Addressing Environmental and Human Impact of Brazilian Dam Collapse
BHP and Vale have agreed to a groundbreaking settlement of $1.4 billion in a UK-based lawsuit brought by investors affected by the catastrophic collapse of a Brazilian mining dam in early 2019. The settlement marks a significant milestone in addressing the extensive environmental damage and the profound human costs linked to the…
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Author : Samuel Brown
Publish date : 2025-08-08 20:25:00
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