goldenleprechaunmegaways| BHP Billiton and Vale offer US$25.7 billion in compensation for Brazilian mine disaster

Mining giants BHP Billiton and Vale have offered to pay Brazil about $25.7 billiongoldenleprechaunmegaways, as compensation for the collapse of tailings dams in two joint-venture iron ore companies in 2015.

The two companies are currently resuming negotiations with Brazilian authorities that broke down last year. Brazil has been demanding 155 billion reais (about US$43 billion) for compensation, compensation and other damage.

BHP Billiton said in a statement on Monday that BHP and Vale's proposal is divided into three parts, with $14.4 billion in cash payments to the Brazilian government "over a long period of time, well beyond a decade."

the company saidgoldenleprechaunmegaways:"Negotiations between the two parties are still ongoing and no final agreement has been reached on the amount or terms of the settlement."

Brazil's Attorney General's Office is analyzing the proposal and is expected to submit a joint statement with the two affected states to the court mediating the negotiations by Friday.

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