Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

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Reconstruction efforts at Samarco’s Fundão tailings dam in 2017. (Image courtesy of BHP)

Mining companies Vale (NYSE: VALE) and BHP (ASX: BHP) together with their joint venture Samarco may soon reach an agreement with Brazilian authorities to pay around 100 billion reais ($17.87 billion) for the collapse of a dam in the city of Mariana, said four sources familiar with the discussions.

Three of the sources expect a final agreement to be reached in October.

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