Vale to Pay $30 Billion for 2015 Samarco Dam Collapse: A Landmark Settlement in Brazil’s History

After years of negotiations, Vale has reached a $30 billion settlement with the Brazilian government for the 2015 Samarco dam collapse, one of the worst environmental disasters in the country’s history. The settlement, covering past and future obligations, includes compensation for affected communities, environmental remediation, and resettlement efforts. Meanwhile, BHP faces a separate class-action lawsuit in the UK seeking damages from the disaster, potentially setting a precedent for global environmental liability.

Scroll to Top