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bhp group ltd announced that the $31.7 billion dam collapse compensation plan has been approved by the Brazilian court.
Mining giant bhp group ltd (BHP Group) said on Thursday that Brazil's Supreme Court has approved a solution that will end the long-standing litigation over the Fundao dam. At the end of last month, bhp group ltd and its joint venture partner vale sa reached an agreement with Brazilian authorities, under which the two mining groups will pay 170 billion Brazilian reals (equivalent to 31.7 billion US dollars) related to the 2015 dam failure disaster. The tailings dam is operated by Samarco Mineracao SA, a joint venture company owned 50% by bhp group ltd and vale sa. Bhp group ltd said on Thursday that the
BHP Group Secures Major Settlement for Brazil Dam Disaster
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CharlesGoh : it looks like they are going upward already?
iamiam OP CharlesGoh : i buy on red days
CharlesGoh : is it good time to buy e200?
iamiam OP CharlesGoh : i don't buy it, I use it as a measuring stick for inflation and higher rates.