We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: BHP faces $47 billion UK lawsuit over Brazilian dam collapse By Reuters
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
BHP faces  billion UK lawsuit over Brazilian dam collapse By Reuters
The Tycoon Herald > Business > BHP faces $47 billion UK lawsuit over Brazilian dam collapse By Reuters
Business

BHP faces $47 billion UK lawsuit over Brazilian dam collapse By Reuters

Tycoon Herald
By Tycoon Herald 3 Min Read Published October 21, 2024
Share
SHARE

By Sam Tobin

LONDON (Reuters) – A listening to in a lawsuit towards BHP over Brazil’s worst environmental catastrophe, the 2015 collapse of the Mariana dam, will start at London’s Excessive Court docket on Monday, with claimants in search of as much as 36 billion kilos ($47 billion) in damages.

Greater than 600,000 Brazilians, 46 native governments, and round 2,000 companies are suing BHP over the collapse of the dam in southeastern Brazil, which was owned and operated by BHP and Vale’s Samarco three way partnership.

The collapse of the dam, which held mining waste referred to as tailings, unleashed a poisonous wave that killed 19 individuals, left 1000’s homeless, flooded forests, and polluted the size of the Doce River – which is taken into account to be sacred by the Krenak indigenous tribe.

BHP, the world’s greatest miner by market worth, is contesting legal responsibility and says the London lawsuit, one of many largest in English authorized historical past, duplicates authorized proceedings and reparation and restore programmes in Brazil.

It says almost $8 billion has already been paid to these affected by the catastrophe by way of the Renova Basis, which was established in 2016.

The Brazilian authorities is discussing a virtually $30 billion compensation cope with BHP, Vale and Samarco, the miners mentioned on Friday.

Pogust Goodhead, the regulation agency representing the claimants, mentioned in a press release the English lawsuit is “the only way to truly hold BHP accountable”.

“The English claim has pushed BHP into finally accepting they needed to do more in Brazil but this proposed deal only goes half way at best,” Pogust Goodhead CEO Tom Goodhead mentioned.

BHP mentioned in a press release that it’s “working collectively with the Brazilian authorities and others to seek solutions to finalise a fair and comprehensive compensation and rehabilitation process”.

The London Excessive Court docket listening to will last as long as 12 weeks and can contemplate whether or not BHP is liable to the claimants below Brazilian environmental regulation.

It should additionally contemplate whether or not the Brazilian municipalities concerned within the case are permitted to convey authorized motion and the affect of any agreements reached with BHP by claimants concerned within the English lawsuit.

BHP faces  billion UK lawsuit over Brazilian dam collapse By Reuters

The go well with has had a convoluted path in the direction of trial: it was thrown out in 2020 earlier than the Court docket of Enchantment dominated it might proceed.

BHP and Vale additionally briefly fought within the English courts over their potential legal responsibility, earlier than reaching an settlement in July to separate the invoice for any damages that could be awarded.

You Might Also Like

Five Lessons Entrepreneurs Can Learn from Expanding into Saudi Arabia

The Art of Comeback: Fabian QC’s Journey to the Top

Russia for Business: Experts Who Help Drive Decisions

The Quiet Shift in America’s Workforce: Why Side Hustles Are Becoming Essential for Women Over 40

Joseph Safina’s Driven Becomes Amazon Bestseller, Blending High Finance with High Speeds

TAGGED:BHPbillionBraziliancollapseDamfacesLawsuitReuters
Share This Article
Facebook Twitter Email Copy Link Print
A possible reprieve for Harvey Elliott at Aston Villa? Sunday’s Paper Discuss
Sports

A possible reprieve for Harvey Elliott at Aston Villa? Sunday’s Paper Discuss

The highest tales and switch rumours from Sunday's newspapers...PREMIER LEAGUE Tottenham and Liverpool are discussing a £5m package deal within the deal for Andy Robertson - Day by day Mail…

By Tycoon Herald 2 Min Read
Amber Heard Laments Shedding ‘Potential to Converse’ After Johnny Depp Trial
January 25, 2026
Motherwell 4-0 Kilmarnock: Steelman thump Killie to file ninth house sport with out conceding
January 25, 2026
Russian strikes knock out warmth in freezing Kyiv as peace talks proceed
January 25, 2026
Homeland Safety Assistant Secretary Claims Rioters Bit Off Agent’s Finger in Minnesota
January 25, 2026

You Might Also Like

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration
BusinessTrending

Fashion Designer Hyeonseo Irene Park: Redefining Menswear Through Originality and Collaboration

By Tycoon Herald 4 Min Read
From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur
BusinessTrending

From Pattaya to the World: Bryan Flowers’ Unstoppable Rise as a Global Entrepreneur

By Tycoon Herald 4 Min Read
Astana International Forum 2025: “Connecting Minds, Shaping the Future”
BusinessTrending

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

By Tycoon Herald 3 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Leadership

Leadership Coaching for the Actual World

Differentiating your small business and making it stand out isn’t about beauty exterior attributes. It’s about…

By Tycoon Herald
Money

Fanshen: Will The Wind-Up Of Evergrande Ultimately Lead To Government Ownership Of Housing?

In 1950, the new People’s Republic continued a brutal program of land reform started during the…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?