The agreement could end more than a hundred lawsuits against the mining companies in the South American country and possibly limit legal action abroad.
: Brazil has signed a 170 billion reais compensation agreement with miners BHP, Vale and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters.
The deadly collapse of the iron ore tailings dam was one of Brazil’s worst environmental catastrophes.Brazilian President Luiz Inacio Lula da Silva attended a ceremony in Brasilia to mark the signing of the agreement, with the government saying the first instalment of 5 billion reais must be paid within 30 days.
They will allocate the other 32 billion reais to pay for compensation for affected people and reparation actions that will remain under their responsibility, in addition to the 38 billion reais that the miners say they have disbursed. The annual payments will be scheduled until 2043, with values varying between 7 billion reais in 2026 and 4.41 billion reais in the last instalment.
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