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BHP, Vale step up Samarco funding

Nov. 25, 2016 2:32 AM ETBHP Group Limited (BHP) StockBHP, VALEBy: Yoel Minkoff, SA News Editor
  • Another $181M has been approved by BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) in financial support for their Samarco mine disaster in Brazil.
  • The amount is part of a $1.2B provision already foreshadowed by BHP and will include credit lines of $115M each to carry out stabilization work.
  • The accident 12 months ago killed 19 people and led to the filing of charges against 21 officials and employees.

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