Vale, BHP propose $25 billion settlement for Mariana disaster reparations

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Vale, BHP propose $25 billion settlement for Mariana disaster reparations
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Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and left hundreds homeless.

The dam collapse at the Samarco iron ore mine near the town of Mariana in Brazil’s southeastern state of Minas Gerais caused a vast flow of mud and mining waste that buried a nearby village and polluted a major river in November 2015.

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