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BHP inches towards Samarco settlement

BHP inches towards Samarco settlement

Almost three years on from the Samarco disaster, BHP Billiton (BLT) and joint-venture partner Vale have taken a step towards settling civil claims totalling BRL175bn (£34.9bn). This week, the miners, alongside local and Brazilian federal government, agreed to dismiss a BRL20bn claim from the states of Espirito Santo and Minas Gerais, and spend the next two years settling a separate BRL155bn claim.

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