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Samarco Reaches $6.2 Billion Settlement With Brazilian Government Over Mine Disaster

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BRASILIA, Brazil

Mining company Samarco -- which is jointly owned by BHP Billiton and Vale SA -- on March 3rd signed a $6.2 billion USD settlement agreement with the Brazilian government over the tailings dam collapse at its iron ore mine in Minas Gerais state, which killed 19 people last November.