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BHP Billiton: No deal yet on dam clean-up fund

Staff writer |
BHP Billiton said that there is no deal yet on dam clean-up fund that has to be made to for damages after the Samarco dam failure.

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As announced on November 30, 2015, the Federal Attorney General, the States of Espirito Santo, Minas Gerais and other public authorities have commenced a public civil claim, seeking the establishment of a fund.

As referred to in the BHP Billiton results for the half year ended December 31, 2015, BHP Billiton Brasil, Samarco and Vale S.A. are in negotiations with the Brazilian Government in relation to that claim.

There has been speculation in the press that a settlement has been reached with the Brazilian authorities concerning the claim. Significant progress has been made with the negotiations, and BHP Billiton is hopeful that an agreement will be reached.


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