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BHP approves $181 mln in compensation over Samarco disaster
November 24, 2016 / 9:52 PM / in a year

BHP approves $181 mln in compensation over Samarco disaster

SYDNEY, Nov 25 (Reuters) - BHP Billiton said on Friday it had approved $181 million to fund remediation and compensation programs at its Samarco iron ore joint venture in Brazil following a deadly dam burst in November 2015.

BHP said the funding will be offset against a $1.2 billion provision recognised on June 30, 2016. (Reporting by James Regan; Editing by Toby Chopra)

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