Vale S.A. (VALE3.SA)
- Bloomberg
BHP, Vale Offer Brazil $25.7 Billion Payment for Dam Disaster
(Bloomberg) -- Mining giants BHP Group and Vale SA offered to pay Brazil about $25.7 billion in total compensation for a 2015 tailings dam disaster at their joint-venture iron ore complex.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesYen Sparks Intervention Suspicion After U-Turn F
- AFP
Mining giants Vale, BHP propose $25 bn settlement over Brazil dam collapse
Mining giants Vale and BHP have proposed paying a nearly $25 billion settlement over a 2015 dam collapse in Brazil that killed 19 people and flooded dozens of towns, Vale said Monday.The tragedy in the southeastern town of Mariana unleashed a torrent of nearly 40 million cubic meters of highly toxic mining waste sludge, killing 19 people, flooding 39 towns and leaving more than 600 people homeless.
- Reuters
Brazil's Vale sees no impact from BHP-Anglo American deal on Minas-Rio project
Brazilian miner Vale SA sees no impact from BHP Group's bid for Anglo American on the latter's Minas-Rio project, its CEO, Eduardo Bartolomeu, said on Thursday. Questioned about potential interest in Anglo's assets, Bartolomeo also said that Vale would "clearly" be interested, but that it has "better options in-house".
