Brazil confirms potential $18bn deal with miners involved in deadly dam disaster

he Brazilian government confirmed on Monday it was in talks on a potential $18-billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies themselves.

Earlier this month, Reuters reported that Brazilian mining giant Vale and Australia's BHP, together with their joint venture Samarco, could soon reach a deal to pay around 100-billion reais ($18.2-billion) in additional funds for repairs, with final terms of the agreement expected in October.