Samarco, Brazil government come closer on $4.8 billion dam-disaster accord

Image
Reuters BRASILIA
Last Updated : Jan 22 2016 | 4:28 AM IST

BRASILIA (Reuters) - Brazil's government and Samarco Mineração SA, a joint venture between Vale SA and BHP Billiton Ltd, are inching closer to a deal to settle a 20 billion-real ($4.8 billion) lawsuit for damages related to a deadly November dam disaster, Brazil's attorney general said on Thursday.

The two sides met in Brasilia on Thursday and talks have "advanced significantly" with the likelihood that the outline of an accord can be completed by early February, Luis Inacio Adams, Brazil's attorney general, told reporters after the meeting.

(Reporting by Anthony Boadle; writing by Jeb Blount in Rio de Janeiro; Editing by Matthew Lewis)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 22 2016 | 4:12 AM IST

Next Story