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Samarco to pay 20b reais in damages for spill
Published Thu, Mar 3, 2016 · 09:50 PM
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Brasilia
Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais (S$7.2 billion) in damages over 15 years for a deadly dam spill in November.
Considered Brazil's worst environmental disaster, the burst tailings dam in the state of Minas Gerais killed 19 people, left hundreds homeless and polluted a major river.
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