BHP slides on Samarco

BHP and Vale received a surprising new claim from the Samarco disaster. Unsurprisingly, the share price tanked.

The collapse of the tailings dam at the Samarco iron ore project in Brazil was supposedly settled earlier this year when the joint venture – comprising BHP and Vale – along with state and federal governments agreed to a staggered US$2.3bn compensation claim.

Implicit in the deal was that Samarco would regain licences to eventually recommence production following cleanup and repairs.  This was supposed to be settled.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : '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

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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 to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles