Company news: BHP Billiton
BHP Billiton, and its Samarco joint venture partner Vale, had entered an agreement with the Brazilian government (and others) regarding the restoration and cleanup relating to the iron ore mine dam failure which occurred on 5-Nov-15. The agreement was ratified by the Federal Court of Appeal, but this week this was overturned by the Superior Court. This in effect re-instates a BRL20bill damages claim. BHP plans to appeal the decision.