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International Business Times
International Business Times
Business
Jose OSORIO with Rodrigo ALMONACID in Sao Paulo

BHP, Vale Agree To Pay $30bn Damages For Brazil Dam Disaster

The dam collapse triggered a giant mudslide that swamped villages, rivers and rainforest, killing 19 people (Credit: AFP)

Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in damages for a 2015 dam collapse that triggered the country's worst environmental disaster.

President Luiz Inacio Lula da Silva attended the signing of the deal over the November 5, 2015 collapse of a tailings dam at a mine in the southeastern town of Mariana, which triggered a giant mudslide.

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