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BHP, Vale face new A$43bn claim over Samarco tailings dam failure

The Brazilian Federal Public Prosecution Service has launched a A$43-billion legal proceeding against joint venture (JV) partners BHP Billiton and Vale following a 2015 tailings dam failure at the Samarco iron-ore project, which claimed the lives of 19 people.

BHP told shareholders on Wednesday that while the company had not received a formal notice of the claim, it was understood it related to social, environmental and economic compensation for the failure of a tailings dam at the Samarco project.