03
Mar
13:58
Samarco agrees $1.3 billion settlement for Fundão accident
Vale and BHP joint-venture, Samarco Mineração SA, will pay BRL 5.1 billion ($1.3 billion) over 15 years for recovery of the regions affected by the Fundão dam disaster last November, Kallanish learns from Vale. The agreement reached with the federal governments of Minas Gerais and Espírito Santo involves the creation of a foundation that will be responsible for implementing socio-economic and socio-environmental programs, Vale says in a …
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Very good overview of the weekly steel market.
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