2 mining firms reach $30B settlement over 2015 Brazilian mine collapse

26 Oct 2024, 17:15 by Simon Druker · UPI

Oct. 26 (UPI) -- Two international mining corporations have finalized a $30 billion settlement with the Brazilian government over a deadly dam collapse in 2015 that remains the worst environmental disaster in the country's history.

Brazil-based mining company Vale and Australian firm BHP signed the deal Friday during an event attended by Brazilian President Luis Inacio Lula da Silva.