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BHP-Vale deal distances Brazil mine from $53bn in lawsuits

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DIVERSIFIED MINERS
It came down to the wire, but BHP Billiton, Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175-billion reais ($53-billion) in lawsuits. Their lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits. The judge had given the two sides until last night to come to an agreement on how to move forward with the remaining cleanup efforts and reparations after a deadly tailings dam spill in 2015.
 
 
 
 
 

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