BHP Billiton, facing a $43billion civil lawsuit over the Samarco dam disaster in Brazil, has said the country's Federal Court of Appeal has ratified the settlement agreement it reached in March.
Brazilian prosecutors have filed a $43billion civil lawsuit against BHP Billiton and Vale for social, environmental and economic compensation in relation to the failure of the Fundao tailings dam at the Samarco iron ore operation in Minas Gerais, Brazil.
For a succinct explanation of why Vale and Fortescue Metals are setting up a joint venture to sell some 80 million to 100 million metric tons of iron ore a year, your first stop should be the British-Irish sitcom Father Ted.
