BHP settles Samarco

BHP settles liabilities for the Brazil mine disaster.

The collapse of the tailings dam operated by Samarco, a joint venture between BHP Billiton and Brazilian miner Vale, is among the worst mining disasters in a decade and the worst ever seen in Brazil. We won’t dwell on the non-financial cost of the disaster here other than to say it is high.

The financial liability, however, has been agreed with the Brazilian government at a cost of between US$1.7-2.3bn paid over six years. BHP should be liable to half that sum.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles