Samarco Settlement Agreement
The comparison means that compensation to the loved ones of those who lost their lives in the disaster, as well as hundreds of others who lost homes and other real estate, can begin. It also means that companies may be able to prepare for the resumption of operations in the region. Under the settlement agreement, the survivors themselves defined a list of 18 companies that could provide the services. According to the terms of the transaction, Samarco is required to rent all of them. New York court clears Vale`s $25 million settlement on Samarco dam failure A U.S. court has authorized a $25 million settlement for a class action lawsuit against Vale SA for the November 2015 dam failure at the Samarco iron mine, which killed 19 people. .