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BHP to fund $211M to support foundation for Samarco dam victims

Published 06/29/2018, 02:15 PM
© Reuters.  BHP to fund $211M to support foundation for Samarco dam victims
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  • BHP Billiton (LON:BLT) (BHP +0.1%) says it has agreed to fund $211M in financial support for the Renova Foundation, created to help victims of the 2015 Samarco dam burst in Brazil.
  • Samarco partner Vale (VALE +0.2%) says it plans to pay 557.7M reais ($144M) to help restore the environment and communities damaged by the Samarco disaster that killed 19 people.
  • The announcements come after Samarco, BHP and Vale signed a deal with Brazilian authorities that settles a 20B reais ($5.2B) lawsuit related to the disaster.
  • Now read: Cobalt Miners News For The Month Of June 2018


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