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Bridging The Gap
 BHP Billiton and Vale Sa commit funds to Samarco
 Friday 25 November, 2016
BHP Billiton and Vale Sa commit funds to Samarco

Miners BHP Billiton and Vale have approved $181m to fund remediation and compensation programmes at the Samarco iron ore mine in Brazil.

The two firms have also each extended credit lines of $115m to Samarco, where a dam collapse in 2015 caused a deadly mudslide and polluted a river.

BHP said the funding would be offset against a $1.2bn provision it agreed to in June.

In October, the company said it hoped to have contained the waste that spewed from the mine by the end of 2016.

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