Mining giants BHP and Vale have committed nearly $30bn to compensate for the 2015 Mariana dam collapse and its impacts.

BHP Group and Vale SA have signed a 170 billion-real ($29.8 billion) settlement with Brazil over the deadly Mariana dam collapse in 2015 at their iron ore joint venture.Most Read from BloombergBooming Cambridge Exposes England’s Widening Wealth GapRobotaxis Are No Friend of Public TransportationThe Tartarian CandidateArgentina Drug Trafficking Hotspot Sees Murders PlungeOman Sees an Urban Future Distinct From Dubai and Abu DhabiThe settlement,

The settlement between the two miners and the Brazilian government is the result of years of litigation after the dam collapse that killed 19 people and polluted more than 400 miles of river.

Mining giants BHP and Vale on Friday signed a deal with Brazil's government to pay nearly $30 billion in damages for a 2015 dam collapse that triggered the country's worst environmental disaster.President Luiz Inacio Lula da Silva attended the signing of the deal over the November 5,

An agreement by Vale , BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South American country and possibly limit legal action abroad,

Brazil’s President Luiz Inácio Lula da Silva has signed an agreement worth tens of billions of dollars with the mining companies responsible for a 2015 dam collapse that was one of the country’s worst