BHP, Vale set up clean-up fund for river as lawsuit looms

Original article by Amanda Saunders, Steve Yolen
The Australian Financial Review – Page: 13 & 18 : 30-Nov-15

BHP Billiton has declined to comment on reports that the Brazilian Government will pursue legal action against both the Australian-listed group and Vale in the wake of the tailings dam disaster at the Samarco iron ore joint venture. However, the two groups intend to establish a non-profit fund to finance remediation of the Rio Doce river, which has been polluted by tailings waste from the project. Some reports have suggested that the fund could be worth around $US200m ($A278m).

CORPORATES
BHP BILLITON LIMITED – ASX BHP, VALE SA, SAMARCO MINERACAO SA, UNITED NATIONS