Brazil expects Samarco dam-disaster deal by Friday

Reuters News
Posted: Feb 17, 2016 9:02 AM

BRASILIA (Reuters) - The Brazilian government expects to reach agreement by Friday with Samarco Mineração SA [SAMNE.UL] to settle a 20 billion-real ($4.9 billion) lawsuit for damages related to a deadly November dam disaster, a spokesman for Brazil's attorney general said on Wednesday.

Brazil has sued Samarco, a 50-50 iron ore mining joint venture between Brazil's Vale SA  and Australia's BHP Billiton Ltd , for 20 billion reais ($4.8 billion) after the dam, which held iron ore tailings, burst in Brazil's Minas Gerais state.

The government considers the tragedy the worst environmental disaster in the country's history.

(Reporting by Anthony Boadle)