Mariana Joins Vale BHP Dam Deal
Nineteen more Brazilian municipalities have joined the 170 billion-real compensation agreement for the 2015 Mariana dam disaster. The settlement now includes 45 of the 49 eligible cities.
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Nineteen additional municipalities in Brazil joined a 170 billion-real ($32.74B) compensation agreement with BHP GROUP LTD-SPON ADR, VALE SA-SP ADR, and Samarco on Thursday afternoon. The additions bring total municipal participation to 45 out of 49 eligible cities for damages from the 2015 Mariana dam collapse. The agreement allocates 6 billion reais specifically to affected municipal governments.
