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Samarco

Mining giants ordered to pay $14B in compensation

Multinational resources companies were urged to settle multi-billion debts in relation to a catastrophic failure. BHP, Vale and their Samarco joint venture should pay compensation for the 2015...

Samarco

Claims against mining giant soar to $65B

Damages sought against a multinational resources company dramatically jumped. A compensation claim against BHP Group recently rose 620 per cent to 36 billion Pounds (A$65.3B) including interest...

BHP Samarco

Vale & BHP Samarco operations to restart

Mining giants Vale and BHP are set to restart the operation of the Samarco iron ore facilities more than five years after the environmental tragedy that saw 43.7 million cubic metres of mine tailings...

BHP Samarco

BHP reveals that Samarco expenditure – $1.5 Billion

What’s been the total cost of the 2015 Samarco dam collapse in Brazil? USD $1.5 Billion Dollars so far says CFO Peter Beaven. He added that BHP has provided another USD 2 Billion dollars for...

Class action initiated over BHP Samarco dam disaster

BHP to defend $7 billion Samarco class action

BHP has been sued for its role in the Samarco tailing dam disaster in the UK’s biggest class action for approximately $7 Billion Australian dollars. Law firm SPG, which is representing than...

BHP Samarco

Samarco mine won’t reopen this year, BHP says

BHP Billiton has said it was unlikely the Samarco iron ore mine would reopen, after the tragic events in November 2015 when two dam bursts. “Samarco makes an important contribution to the...

BHP hit with $7.2b lawsuit after Brazil mine disaster

The Brazilian Government intends to sue Samarco, Vale and BHP for $7.2b for clean-up costs and damages after dams collapsed at their iron ore operation in Minas Gerais killing 13 people. According to...