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Name | Symbol | Market | Type |
---|---|---|---|
Vale SA | NYSE:VALE | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.0402 | -0.32% | 12.4498 | 30,321 | 14:00:28 |
By Rhiannon Hoyle
SYDNEY--Vale SA (VALE), BHP Billiton Ltd. (BHP) and their Brazilian iron-ore joint venture, Samarco Mineracao SA, have agreed on a plan with federal prosecutors in Brazil for negotiating a settlement of a $47.5 billion civil claim linked to a dam failure that killed 19 people in November 2015, BHP said.
Under the preliminary agreement entered with Brazilian prosecutors, Samarco and its shareholders expect to provide security of 2.2 billion reais ($680 million) to support social and environmental remediation programs, BHP said Thursday in a filing to the Australian stock exchange.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
January 19, 2017 01:38 ET (06:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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