Dam Disaster Deal Should Curb Lawsuits Against Vale And BHP, Sources Say.

An agreement between Vale, BHP, and Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil may end over a hundred lawsuits against the mining companies in Brazil and potentially limit legal action abroad. The deal, nearly nine years after the 2015 disaster in Mariana, Brazil, includes payments over 20 years for repair and compensation projects, with additional obligations totaling 32 billion reais. While the agreement aims to resolve existing lawsuits, it does not preclude new legal actions related to unknown damages in the future. [Extracted from the article]