BHP and Vale's Samarco hit with almost $ 1 billion suit
BHP and Vale’s Samarco hit with nearly $ 1 billion suit The collapse of the Fundao tailings dam in 2015 killed 19 people and polluted hundreds of miles of rivers. ( Image: Agência Brasil Fotografias.) BHP (ASX, LON, NYSE: BHP) and Vale’s (NYSE: VALE) beleaguered Samarco joint venture in Brazil has been hit with an almost $1 billion lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt. The claim, filed in October last year by the Bank of New York Mellon on behalf of noteholders, states the $898 million sought from Samarco is made up of the ...
Source: mining.com