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Vale, BHP to create fund for Brazil dam burst recovery

Published 12/11/2015, 02:42 am
Updated 12/11/2015, 02:50 am
© Reuters.  Vale, BHP to create fund for Brazil dam burst recovery
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MARIANA, Brazil, Nov 11 (Reuters) - Mining companies Vale SA VALE5.SA and BHP Billiton (L:BLT) plan to create a fund for rebuilding efforts after two dams burst at their iron ore venture in Brazil, their chief executives said in a visit to the site on Wednesday.

Vale CEO Murilo Ferreira said Samarco, the joint venture operating the Germano mine complex, had shown it was able to deal with the disaster last Thursday that left at least six people dead and another 22 still missing.

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