(Adds more details on statement, context)
SAO PAULO, Dec 6 (Reuters) -
Brazilian authorities said on Wednesday that talks with miners Vale VALE3.SA , BHP (BHP) and their joint venture Samarco regarding additional compensation for a burst tailings dam in 2015 were halted since the firms did not present a new proposal.
There is still no date for the negotiations to resume as the companies, which own the dam that collapsed in the state of Minas Gerais have refused to submit a new proposal within a pre-established deadline, a group of state and federal government bodies said in a statement.
The dam collapse in the southeastern city of Mariana caused a giant mudslide that killed 19 people and severely polluted the Rio Doce, compromising the waterway to its outlet in the Atlantic Ocean.
The companies' latest offer presented had "insufficient amounts for the proper reparation of the Rio Doce," the statement said.
Samarco said it remains open to dialogue and continues to participate in negotiations of the agreement, "in order to move forward with a definitive and consensual solution, based on technical, environmental and social criteria."
The companies, through the Renova Foundation, had allocated 33.38 billion reais ($6.81 billion) in reparations and compensations as of September. ($1 = 4.9032 reais)
- Forums
- ASX - By Stock
- BHP
- News: BHP UPDATE 1-Brazil says talks on compensation over Vale-BHP dam burst are halted
BHP
bhp group limited
Add to My Watchlist
1.92%
!
$40.80

News: BHP UPDATE 1-Brazil says talks on compensation over Vale-BHP dam burst are halted
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$40.80 |
Change
-0.800(1.92%) |
Mkt cap ! $207.1B |
Open | High | Low | Value | Volume |
$40.86 | $41.14 | $40.66 | $305.0M | 7.481M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1800 | $40.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.82 | 556 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 122 | 40.660 |
3 | 129 | 40.650 |
1 | 19 | 40.620 |
1 | 372 | 40.610 |
7 | 3906 | 40.600 |
Price($) | Vol. | No. |
---|---|---|
40.870 | 494 | 1 |
40.910 | 500 | 1 |
40.990 | 7500 | 1 |
41.000 | 1096 | 4 |
41.050 | 293 | 1 |
Last trade - 16.13pm 25/07/2025 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online