News: BHP Vale, BHP propose $25 billion deal to settle reparations for Mariana disaster

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    SAO PAULO, April 29 (Reuters) - Vale VALE3.SA , BHP (BHP) and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and left hundreds homeless.

    The proposal, the Brazilian mining giant said in a securities filing on Monday, foresees the total payment of 127 billion reais ($24.88 billion), including 37 billion reais already disbursed.

    ($1 = 5.1037 reais)

 
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