London | BHP and fellow iron ore miner Vale have made a fresh offer of 170 billion Brazilian reais ($45 billion) to bury the hatchet with the Brazilian federal and state governments over the 2015 Samarco dam disaster.
The deal is a big step up from an April offer of 127 billion reais, as BHP presses for a settlement before a major UK-based class action kicks off in a London court on Monday. But the Brazilian authorities and courts are yet to formally or publicly accept the new offer.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
