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The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies themselves.reported that Brazilian mining giant Vale and Australia’s BHP, together with their joint venture Samarco, could soon reach a deal to pay around 100 billion reais in additional funds for repairs, with final terms of the agreement expected in October.
The collapse of the dam at a Samarco iron ore mine near the city of Mariana nine years ago unleashed a wave of toxic tailings that killed 19 people, left hundreds homeless, flooded forests and polluted the length of the Doce River. A previous proposal from the miners, which was not fully accepted by officials, had set a 82 billion reais payout to authorities in new resources plus another 21 billion reais in repairs the miners would implement.
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