Vale, BHP, and their joint venture Samarco have agreed to pay a significant amount of money in compensation for a dam collapse in Brazil.

This settlement is expected to resolve numerous lawsuits against the mining companies within the country and may also prevent legal actions in other countries.

Sources familiar with the negotiations suggest that this agreement could be a turning point for the companies involved, helping to address legal pressures and financial liabilities resulting from the disaster.

The resolution demonstrates a concerted effort to deal with the aftermath of the incident and restore confidence in the mining sector.