August 8, 2018 / 11:07 PM / in 2 months

BHP says Brazilian court approves settlement for Samarco

Aug 9 (Reuters) - Mining heavyweight BHP said on Thursday the Federal Court of Minas Gerais approved an agreement with Brazilian authorities which settles a 20 billion reais ($5.30 billion) lawsuit regarding the Samarco dam failure.

The company added that it had separately agreed to pay $50 million as part of a settlement for a class action complaint filed by certain American depositary receipt holders regarding the Samarco dam failure.

$1 = 3.7716 reais Reporting by Ambar Warrick in Bengaluru

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