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VALE Vale SA

12.4498
-0.0402 (-0.32%)
Pre Market
Last Updated: 14:00:28
Delayed by 15 minutes
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

BHP Billiton, Vale, JV Reach Preliminary Agreement With Brazil Prosecutors Related to Claim Tied to Dam Failure

19/01/2017 6:53am

Dow Jones News


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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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