Samarco Mineracao SA [SAMNE.UL] will pay at least 20 billion reais ($ 7 billion) in 15 years as part of a deal with the 20 billion reais Brazilian government to settle a lawsuit for damages caused by a deadly dam spill at a mine.
Samarco, a joint venture between Vale and BHP Billiton, will pay 4.4 billion reais in the three years following the agreement that will be signed on Wednesday.
Regarded as Brazil's worst environmental disaster, the burst dam killed 19 people, forced hundreds to leave their homes and polluted one of the country's main rivers.
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