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Home World Australia

BHP reaches multibillion-dollar compensation deal with Brazil over deadly 2015 dam collapse

25 October 2024
in Australia
BHP reaches multibillion-dollar compensation deal with Brazil over deadly 2015 dam collapse
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Australian mining company BHP and Brazilian company Vale have reached a $45 billion settlement with Brazil over the 2015 Mariana dam collapse, which killed 19 people and caused extensive damage. BHP is contesting liability in a $71 billion lawsuit in London over the disaster, while the settlement in Brazil includes compensation over 20 years for health, economic recovery, and support for affected communities. The agreement aims to provide justice to the families affected, repair environmental damage, and limit legal action against the mining companies.

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Tags: BHPBrazilcollapseCompensationdamDeadlydealmultibilliondollarReaches
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