BHP Billiton, Vale Set Deadline for Samarco Disaster Claims

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Mud coming from the rupture of dams in Samarco mining in Mariana, Minas Gerais, flowed into the waters of the Doce river in Governador Valadares, on November 11, 2015. Photo: GABRIELA BILO/ESTADAO CONTEUD

BHP Billiton and Vale have until June 30 to settle the largest civil claim stemming from its joint venture Samarco’s dam disaster in Brazil that occurred on November 5, 2015. The companies entered into a preliminary agreement with the federal prosecutor’s office in Brazil to negotiate a settlement of the $47.5 billion claim. 

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Operations Restart at Yamana’s El Peñón Mine

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Several members of a union representing miners at the El Peñón mine stage a sit-in at the employee camp. (Photo courtesy of Union No. 1)

Yamana Gold resumed operations at its El Peñón mine in Chile on January 17 after negotiating collective bargaining agreements with two unions who represent the mine’s underground workers. The collective bargaining agreements are for 40 months and 48 months, and are in line with the company’s preceding final offer, Yamana said. 

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Goldcorp To Sell Los Filos

Canadian gold group Goldcorp announced on January 12 the sale of its Los Filos gold mine, located in Mexico, to its compatriot Leagold for $438 million. 

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