Brazil: $25 Billion Settlement Offered in 2015 Mariana Tragedy

In November 2015, a dam failure in southeastern Brazil’s Minas Gerais, operated by Samarco—a Vale and BHP venture—resulted in a catastrophic event. Near Mariana, the collapse unleashed a vast mud flood, devastating large areas and claiming 19 lives, with profound environmental effects. Consequently, Vale and BHP have proposed a 127 billion reais (approximately $25 billion) […]

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