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| Samarco reaches £800m deal over deadly Brazil mudslide | Samarco reaches £800m deal over deadly Brazil mudslide |
| (about 13 hours later) | |
| The owners of a Brazilian mine that suffered a dam burst, setting off a deadly mudslide, has agreed to pay 4.4bn reais (£804m) in damages. | |
| Samarco - co-owned by Vale and BHP Billiton - will pay 2bn reais in 2016 and 1.2bn each in 2017 and 2018. | Samarco - co-owned by Vale and BHP Billiton - will pay 2bn reais in 2016 and 1.2bn each in 2017 and 2018. |
| The Brazilian government originally demanded 20bn reais to address what is considered the country's worst environmental disaster. | The Brazilian government originally demanded 20bn reais to address what is considered the country's worst environmental disaster. |
| The accident triggered a mudslide that killed 19 people. | |
| The mudslide also wiped out entire districts and polluted a major river in south-east Brazil. | |
| "This agreement demonstrates our commitment to repairing the damage caused and to contributing to a lasting improvement in the Rio Doce," Samarco said in a statement. | "This agreement demonstrates our commitment to repairing the damage caused and to contributing to a lasting improvement in the Rio Doce," Samarco said in a statement. |
| Under the terms of the agreement Brazilian Vale and Australian BHP Billiton will be jointly responsible for the payments if Samarco cannot make them. | Under the terms of the agreement Brazilian Vale and Australian BHP Billiton will be jointly responsible for the payments if Samarco cannot make them. |
| The money is being divided into two categories - environmental restoration and compensation for communities. | The money is being divided into two categories - environmental restoration and compensation for communities. |
| In February, a police investigation determined Samarco executive had been negligent. Six of the mine's executives including its president were charged with homicide. | In February, a police investigation determined Samarco executive had been negligent. Six of the mine's executives including its president were charged with homicide. |