Samarco, Brazil government come closer on $4.8 billion dam-disaster accord | Reuters

BRASILIA Brazil's government and Samarco Mineração SA, a joint venture between Vale SA and BHP Billiton Ltd, are inching closer to a deal to settle a 20 billion-real ($4.8 billion) lawsuit for damages related to a deadly November dam disaster, Brazil's attorney general said on Thursday.

The two sides met in Brasilia on Thursday and talks have "advanced significantly" with the likelihood that the outline of an accord can be completed by early February, Luis Inacio Adams, Brazil's attorney general, told reporters after the meeting.

(Reporting by Anthony Boadle; writing by Jeb Blount in Rio de Janeiro; Editing by Matthew Lewis)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jan 22, 2016 04:45 AM

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