ENVIRONMENT

BHP approves $250M for Samarco

BHP has approved US$250 million in financial support for the Renova Foundation and Samarco Mineracao SA until December 31. A restart of operations at Samarco is unlikely this year.

Noel Dyson
The US$250 million is part of an arrangement BHP and Vale struck with Brazilian authorities.

The US$250 million is part of an arrangement BHP and Vale struck with Brazilian authorities.

This is part of a Framework Agreement BHP and its Samarco partner Vale struck with Brazilian authorities to settle a 20 billion real (US$6.1 billion) relating to the November 5 2015 Samarco tailings dam...

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