June 30 (Reuters) - BHP Billiton (LON:BLT) Ltd BHP.AX
* Approved a total of US$250 million in financial support for renova foundation and Samarco Mineração S.A. Until 31 Dec 2017
* The amount of US$174 million will be used to fund renova foundation for remediation and compensation programs identified under framework agreement
* Operations at Samarco are unlikely to restart in cy2017
* This $174 million amount will be offset against group's provision for samarco dam failure
* Short-term facility of up to US$76 million will be made available to samarco to carry out remediation, stablisation work & to support Samarco's operations
* Resuming operations at Samarco would require government approvals, granting of licenses by state authorities and restructure of Samarco's debt
* On 18 Jan, Samarco, Vale S.A. (Vale) and BHP Billiton Brasil entered preliminary agreement with federal prosecutors' office in Brazil
* Court has extended final date for negotiation of a settlement until 30 October 2017
* Under prelim agreement, parties agreed to suspend federal prosecutor's brl 7.7 billion injunction application in BRL 155 billion civil claim
* Parties agreed to request 12th federal court of Belo Horizonte replace BRL 1.2 billion injunction in BRL 20 billion civil claim with interim security of BRL 2.2 billion
* Parties also agreed under preliminary agreement to suspend BRL 20 billion asset freezing order application made by federal prosecutors Source text for Eikon: ID:nASX24mqww Further company coverage: BHP.AX