The disastrous dam collapse in 2015 caused a giant mudslide that killed 19 people in one of Brazil’s worst environmental catastrophes.
Mining giants BHP and Vale are offering $39 billion to settle Brazilian authorities’ claims over the disastrous tailings dam collapse in 2015 that caused a giant mudslide killing 19 people and polluting the Rio Doce river all the way to the Atlantic Ocean.
The settlement offer includes $US7.71 billion in amounts already invested in remediation and compensation, a cash payment of $US14.4 billion over an extended time period of time, and $US3.6 billion already committed to by Samarco and the Renova Foundation, a compensation and remediation entity set up by the companies.
The Pogust Goodhead lawyer leading the London claim said BHP and Vale’s settlement offer in Brazil failed to compensate the actual victims of the disaster who have excluded from this process in Brazil.“Unfortunately, this offer is misleading in a number of ways,” said Pogust Goodhead’s chief executive and global managing partner Tom Goodhead.
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