BHP Billiton agrees to pay out over Samarco disaster, but legal action continues

Mariana dam burstFor earlier updates, see http://londonminingnetwork.org/2016/02/updates-on-bhp-billitons-brazilian-dam-disaster/.

BHP agrees to $US2.3b Samarco settlement
BHP Billiton’s Samarco joint venture will pay up to $US2.3 billion ($A3.15 billion) over six years after reaching a settlement with Brazilian authorities over a deadly dam spill in November.

BHP, Vale shares surge on Samarco deal
According to a Reuters report joint owners Vale SA and BHP Billiton will pick up the tab should Samarco be unable to make payments. The mine which has annual capacity of roughly 30 million tonnes has been closed since the November 5 disaster that killed 19 people and left hundreds homeless.

Samarco to pay $5 bln in damages for dam disaster
Mining company Samarco and its owners, BHP Billiton and Vale SA , reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais ($5.1 billion) in damages over 15 years for a deadly dam spill in November.

BHP Billiton share price: US investors file class action lawsuit over Samarco dam burst
Brazil police charge mine directors with manslaughter.

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