Proposed $26 Billion Settlement for Samarco Dam Failure

Monday, 29 April 2024, 12:43

BHP Brasil, Samarco, and Vale jointly propose a nonbinding settlement totaling $25.7 billion for the Samarco dam disaster in 2015. The submission aims to address the repercussions of the tragic event and provide financial redress.

https://store.livarava.com/45af89d5-062e-11ef-a6c0-63e1980711b2.jpg — Proposed $26 Billion Settlement for Samarco Dam Failure

Proposed $26 Billion Settlement for Samarco Dam Failure

BHP Brasil, together with Samarco and Vale, has submitted a nonbinding indicative settlement proposal worth approximately $25.7 billion relating to the failure of the Samarco dam in 2015. The proposal seeks to address the aftermath of the dam disaster and provide financial compensation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.