Mining giants Vale and BHP have proposed paying a nearly $25 billion settlement over a 2015 dam collapse in Brazil that killed 19 people and flooded dozens of towns, Vale said Monday.
Some 600 people were left homeless by the 2015 dam collapse in the southeastern town of Mariana. Photo: Christophe SIMON / AFP/FileCelebrate Youth Month with Briefly News! Nominate a young entrepreneur under 35 with an inspiring story to be our 7th 'Young Money Maker'.
The tragedy in the southeastern town of Mariana unleashed a torrent of nearly 40 million cubic meters of highly toxic mining waste sludge, killing 19 people, flooding 39 towns and leaving more than 600 people homeless.The collapsed tailings dam at an iron ore mine was owned by Samarco, a joint venture between Brazil's Vale and the Anglo-Australian miner BHP.
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