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BHP approves US$181m in compensation over Samarco disaster

Friday, November 25, 2016 - 06:47

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BHP Billiton said on Friday it had approved US$181 million to fund remediation and compensation programmes at its Samarco iron ore joint venture in Brazil following a deadly dam burst in November 2015.

[SYDNEY] BHP Billiton said on Friday it had approved US$181 million to fund remediation and compensation programmes at its Samarco iron ore joint venture in Brazil following a deadly dam burst in November 2015.

BHP said the funding will be offset against a US$1.2 billion provision recognised on June 30, 2016.

REUTERS

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