Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

RIO DE JANEIRO (Reuters) -Mining companies Vale and BHP, together with their joint venture Samarco, may soon reach an agreement with Brazilian authorities to pay around src00 billion reais ($src7.87 billion) for the collapse of a dam in the city of Mariana, said four sources familiar with the discussions.

Three of the sources expect a final agreement to be reached in October.

The amount is more than the 82 billion reais in new resources offered in the companies’ last proposal in June to compensate for the 20src5 disaster, which caused a wave of toxic tailings that killed src9 people, left hundreds homeless, flooded forests and polluted a river.

($src = 5.5955 reais)

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