Investing
Brazil’s justice sentences Vale, BHP and Samarco to pay $9.7 billion in damage repair
© Reuters. An aerial view of the Rio Doce (Doce River), which was flooded with mud after a dam owned by Vale SA and BHP Billiton Ltd burst, at an area where the river joins the sea on the coast of Espirito Santo in Regencia Village, Brazil, November 23, 2015. REUTER
SAO PAULO (Reuters) – A Brazilian judge sentenced miners Vale, BHP and their joint-venture Samarco to pay 47.6 billion reais ($9.67 billion) in damage repairs over a burst tailings dam in 2015, according to a legal decision on Thursday seen by Reuters.
($1 = 4.9237 reais)
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