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

Reuters

RIO DE JANEIRO (Reuters) - Mining companies Vale SA (VALE5.SA) and BHP Billiton Ltd (BHP.AX) 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 [SAMNE.UL] 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.

(Reporting by Jeb Blount; Editing by Peter Cooney)