Skip to content
Subscriber Only

Samarco's Bonds Soar on Bets Mine Disaster Settlement Is Near

  • Venture owned by BHP and Vale won't pay damages in lump sum
  • Final agreement set to be settled by end of the month
Updated on

Samarco bondholders are betting Luis Inacio Adams’s last hurrah as Brazil’s attorney general will be brokering a deal that allows the miner to emerge from the nation’s worst-ever environmental disaster.

Bonds of the iron-ore venture owned by BHP Billiton Ltd. and Vale SA snapped a losing streak after Adams said authorities had reached an agreement with the companies on a model for paying compensation over a deadly dam failure last year.