Brazil confirms potential $18 billion deal with miners involved in deadly dam disaster


  • World
  • Tuesday, 17 Sep 2024

A cupboard is pictured in debris in Bento Rodrigues district, which was covered with mud after a dam owned by Vale SA and BHP Billiton Ltd burst, in Mariana, Brazil, November 10, 2015. REUTERS/Ricardo Moraes/File Photo

RIO DE JANEIRO (Reuters) - The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies themselves.

Earlier this month, Reuters reported that Brazilian mining giant Vale and Australia's BHP, together with their joint venture Samarco, could soon reach a deal to pay around 100 billion reais ($18.2 billion) in additional funds for repairs, with final terms of the agreement expected in October.

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