June 30, 2017 / 6:53 AM / a year ago

Court gives BHP, Vale until Oct 30 to settle $47 bln Samarco claim-BHP

SYDNEY, June 30 (Reuters) - BHP Billiton and Vale have won a four-month extension from a Brazilian court to negotiate a settlement to a $47 billion claim stemming from the Samarco mine disaster in 2015, BHP said on Friday.

The 50-50 partners in the Samarco iron ore mine were served the 155 billion Brazilian real ($47 billion) claim by Brazilian federal prosecutors in May last year to pay for the social, environmental and economic costs of cleaning up Brazil’s worst environmental disaster on record.

“The Court has extended the final date for negotiation of a settlement until 30 October 2017,” BHP said in a statement.

Nineteen people died and nearby towns were inundated with flood waters after a dam designed to hold back mine waste burst.

The settlement date was originally set for June 30. ($1 = 3.3040 reais) (Reporting by James Regan; Editing by Richard Pullin)

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