BHP and Vale Agree New Framework For Samarco Disaster Settlement

The preliminary agreement could ease the passage of a compensation deal and avoid the neccesity of fighting a $47.5 billion claim in court. BHP Billiton and Vale could avoid lengthy and risky court hearings relating to a fatal 2015 dam burst in Brazil after cutting a preliminary deal that will group various claims, including a $47.5 billion compensation demand, into a single negotiated settlement.