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Brazil prosecutors say Samarco agreed to pay 1 bln reais for dam disaster
November 16, 2015 / 8:39 PM / 2 years ago

Brazil prosecutors say Samarco agreed to pay 1 bln reais for dam disaster

RIO DE JANEIRO, Nov 16 (Reuters) - Brazilian state and federal prosecutors said on Monday that Samarco has agreed to pay a preliminary 1 billion reais ($262 million) to cover the cleanup costs and compensation after a dam burst at its mine earlier this month.

Samarco is a joint venture between Brazil’s Vale SA and Australia’s BHP Billiton. (Reporting by Stephen Eisenhammer; Editing by Richard Chang)

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