UK: BHP and Vale propose $1.4 Billion settlement in class action over Fundão dam collapse in Brazil
"BHP, Vale offer $1.4 billion settlement in UK lawsuit over Brazil dam disaster, FT reports", 7 August 2025
Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil's worst-ever environmental disasters... The lawsuit stems from the collapse in 2015 of the Mariana dam in southeastern Brazil, owned and operated by the Samarco joint venture of BHP and Vale. The disaster prompted legal action from hundreds of thousands of people.
BHP is currently facing a London lawsuit that claimants' lawyers have valued at up to 36 billion pounds ($48.29 billion).
The proposed settlement includes around $800 million in compensation for victims and $600 million to cover legal costs associated with the High Court proceedings... BHP and Vale did not immediately respond to Reuters' requests for comment.
In October last year, BHP described allegations that a focus on profit over safety contributed to the disaster as "far-fetched and unjustified".