BHP, Vale to be financial guarantors of any Samarco accord -Brazil official

Mon Jan 25, 2016 3:39pm EST
 
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RIO DE JANEIRO Jan 25 (Reuters) - Mining companies Vale SA and BHP Billiton Ltd will be financial guarantors of any accord between Brazil's government and Samarco Mineração SA over a deadly November damburst, Attorney General Luis Inacio Adams said on Monday.

Brazil is suing Samarco a 50-50 joint iron ore mining venture between BHP and Vale, for 20 billion reais ($4.89 billion) over the damburst, which killed 17 and is considered the worst environmental disaster in Brazilian history.

($1= 4.09 Brazilian reais) (Reporting by Jeb Blount; Editing by Peter Cooney)