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BHP and Vale offer $1.4bn to settle UK lawsuit

The Samarco JV, operated by BHP and Vale, was responsible for the Mariana dam, leading to significant legal repercussions.

Financial Times · 1d

BHP and Vale offered $1.4bn to settle Brazil mining dam lawsuit

Mining groups Vale and BHP made an offer of roughly $1.4bn to settle a £36bn class action lawsuit in the UK brought by hundreds of thousands of victims of one of Brazil’s worst environmental disasters.

Hosted on MSN · 1d

BHP, Vale offer $1.4 billion settlement in UK lawsuit over Brazil dam disaster, FT reports

Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil's worst-ever environmental disasters, the Financial Times reported on Thursday.

Business Matters1h

Gambling firms lose £4bn in market value amid fears of Reeves-led tax hike

Shares in Flutter, Entain and Evoke tumbled as fears grow that Chancellor Rachel Reeves will target the gambling sector with ...

Nottinghamshire Live on MSN2h

Fresh setback for £1.4bn Nottingham transformation as funding pulled

The massive £1.4 billion transformation of Nottingham's largest regeneration site faces a fresh hurdle after more than £4 ...

17h

Rolls-Royce closes in on deal to offload £4bn pension liabilities to PIC

London-listed aerospace group joins several other employers taking advantage of effects of higher interest rates ...

Artemis.bm2d

Hiscox ILS raised $300m from investors in H1 2025, lifting ILS AUM to $1.4bn

Hiscox ILS, the insurance-linked securities (ILS) investment focused arm of the Hiscox Group, raised $300 million in capital ...

Reinsurance News1d

Allianz posts €4.4bn operating profit for Q2’25 with strong P&C performance

Global insurer Allianz has reported that its total business volume increased by 8% year-on-year to €44.5 billion in the ...

Business Post19h

Rolls-Royce nears deal to offload £4bn UK pension pot

Rolls-Royce, the UK’s biggest manufacturer, is nearing a deal to offload its entire... Kingspan shares swung sharply on Friday as investors digested the insulation and ...

Leadership3d

Afreximbank Leads $4bn Syndicated Financing For Dangote

The African Export-Import Bank (Afreximbank) has announced that it has signed a $1.35 billion financing facility for Dangote ...

Reinsurance News1d

Zurich’s P&C segment delivers record profit of $2.4bn for H1’25

Large insurer Zurich achieved a 6% year-on-year rise in Group business operating profit (BOP) to a record $4.2 billion for ...

Arabian Business15h

DEWA reports record H1 2025 results with $4bn revenue, $1bn profit and clean energy growth

For shareholders, DEWA approved a dividend payout of AED 3.1bn ($843m) for H1 2025, payable in October, continuing its policy of minimum annual dividends of AED 6.2bn ($1.69bn) over five years ...

German Industrial Data Prompts A Second-Guessing Of The Cyclical Rebound

Disappointing industrial production data for June and a downward revision for May suggest that, rather than staging a ...

Arabian Gulf Business Insight on MSN1d

Qatar-led group pledges $4bn for Damascus airport

Syria has entered a memorandum of understanding (MoU) with a Qatar-led consortium to develop and expand Damascus International Airport. The consortium includes UCC Holding’s investment arm, UCC ...

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