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Feb 25, 2016· BHP Billiton (BHP -1.7%) is being sued in the U.S. by investors who accuse it of fraudulently overstating its ability to manage safety risks prior to .
BHP, a 50 per cent partner in the Brazilian mine, is not named as a target in the lawsuit. The securities class action has been launched to attract investors stung by share price losses since Samarco's tailings dam failure on November 5, and appears to be testing the water for shareholders to join as plaintiffs before a February deadline.
BHP Billiton & Vale lawsuit (re dam collapse in Brazil) Proceedings in Brazil. On 5 November 2015, two mining dams operated by Samarco Mineração SA, a joint venture of Vale and BHP Billiton, collapsed in Brazil releasing 50 million cubic meters of toxic iron-ore residue.
It is enough money to pay 14m Brazilians the minimum wage for a whole year. Brazilian prosecutors threw investors into a panic on Wednesday after demanding R$155bn (US$44bn) from mining companies Vale and BHP Billiton for the collapse of a dam at their Samarco joint venture last year that ranked as the country's worst environmental disaster and killed at least .
In 2014, a year before the dam collapsed, BHP Billiton´s turnover amounted to $13.8 billion US dollars (only in the first semester of the year); and Vale´s amounted to almost $1 billion Brazilian reais, with a 729% increase in relation to 2013. Yet, despite their sizes and profits, they failed in what was crucial and exposed their crimes ...
It is enough money to pay 14m Brazilians the minimum wage for a whole year. Brazilian prosecutors threw investors into a panic on Wednesday after demanding R$155bn (US$44bn) from mining companies Vale and BHP Billiton for the collapse of a dam at their Samarco joint venture last year that ranked as the country's worst environmental disaster and killed at least 17 people.
SAO PAULO, Brazil (UPDATED) – Brazilian prosecutors have filed a US$43.4 billion lawsuit against BHP Billiton and Vale over the Samarco mine dam burst that killed 19 and wreaked environmental havoc.
Dec 09, 2015· A class action lawsuit against BHP Billiton's joint venture partner in the deadly Brazilian iron ore mine catastrophe has been filed in a New York court so investors can sue Vale for financial...
May 07, 2019· mining; BHP Billiton hit with $7b lawsuit for 2015 Brazil dam failure ... a dam owned by Brazilian Vale SA and Australian BHP Billiton burst in 2015. ... settled a US investor class action and ...
Reuters reported that the Brazilian government expects to settle its lawsuit regarding last November's dam burst at the Samarco mine by Friday. Samarco is a joint venture betweenVale SA (NYSE:VALE ...
Nov 30, 2015· BHP Billiton renewed its commitment Monday to do all it can to help following the deadly collapse of a waste water dam in Brazil, with the mining giant and partner Vale facing a huge lawsuit. The Brazilian government announced on Friday plans to sue the two companies for $5.2 billion in clean-up costs and damages after the November 5 collapse ...
Mining giant BHP Billiton (ASX ... along with Vale, settled a US$5.3-billion civil lawsuit with the Brazilian government and negotiated a two ... We have limited the number of investor kits you ...
Sydney/Melbourne — Miner BHP Billiton, its partner Vale and their jointly owned Samarco unit have agreed with Brazilian prosecutors on a June 30 deadline to settle billions of dollars in ...
Mining Journal Global Finance Report 2020. Track emerging trends and changes in investor attitudes with the Mining Journal's...
May 07, 2019· BHP Billiton hit with $7b lawsuit for 2015 Brazil dam failure ... venture between BHP and Brazilian iron ore mining giant Vale, killed 19 and spilt about 40 million cubic metres of toxic sludge ...
On 25 June 2018, Vale and BHP Billiton announced they signed a deal with Brazilian authorities that settles a USD 5.3 billion lawsuit related to the 2015 dam collapse. The agreement also sets a two-year timeline to reach a settlement in a separate lawsuit filed in May 2016 which will be put on hold while the parties negotiate.
Earlier this month, Oil giant BHP Billiton confirmed that its Samarco Mineracao joint venture alongside Vale SA, will pay a total of R$2billion (£362M, $510M) this year, R$ 1.2 billion in 2017 and another R$1.2 billion in the following 12 months, with annual payments of between R$ 800M and R$ 1.6 billion to be paid each year between 2019 and ...
May 16, 2018· World's largest miner BHP Billiton quits global coal lobby group Australian law firm Phi Finney McDonald now plans to sue the multinational, which is .
The lawsuit cast fresh doubt upon Brazil-based Vale SA's and Australia-based BHP Billiton Ltd.'s hopes for a swift resolution to liabilities stemming from the failure of a tailings dam at their Samarco Mineração SA joint-venture in southeast Brazil.
May 04, 2016· Share prices in mining giants BHP Billiton and Vale skidded sharply Wednesday after Brazilian prosecutors filed a US$43.4 billion lawsuit over a mine accident that killed 19 people and wreaked environmental havoc. Brazilian iron ore leader Vale saw .
Authorities) filed a R$20 billion lawsuit against Samarco, Vale and BHP Billiton Brasil and its shareholders for clean-up costs and damages. In March 2016, an agreement was entered into by Samarco, BHP Billiton Brasil, Vale and the Brazilian Authorities to provide a framework for compensatory actions and the remediation of the impacts from
When the Fundão dam broke in 2015, waste from an iron ore mine operated by Samarco, a joint venture between BHP and its partner Vale, devastated the local area in Minas Gerais state. A red wave of clay, sand and water polluted miles of river, killing aquatic life, leaving hundreds of people homeless, and flowing out to sea.
Jul 22, 2020· BHP and its 50-50 joint venture partner Vale are still dealing with the fallout from the tailings dam collapse that killed 19 people and left hundreds homeless, as well as .
May 04, 2016· Share prices in mining giants BHP Billiton and Vale skidded sharply Wednesday after Brazilian prosecutors filed a US$43.4 billion lawsuit over a mine accident that killed 19 people and wreaked environmental havoc. Brazilian iron ore leader Vale saw its share price tumble 5.34 percent at the close of
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