Opinion

We’ve made significant progress cleaning up Samarco disaster: BHP

Years in the making, an agreement to deliver $48 billion to the Brazilian people is a moment of reflection, writes BHP’s chief legal officer.

Caroline Cox

Oct 30, 2024 – 5.00am

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Last Friday, alongside our chief executive Mike Henry, I was present at the Palácio do Planalto in Brasília, Brazil, for the signing of an agreement between Brazilian authorities and Samarco, BHP Brasil and Vale.

Years in the making, the agreement will deliver over $US31.7 billion ($48 billion) of compensation and support to the Brazilian people, communities and environment impacted by the failure of Samarco’s Fundão tailings dam in 2015.