"The values of the new proposal are 100%, which includes a 50% contribution from BHP Brasil and Vale as secondary debtors, if Samarco cannot finance as primary debtor," the company stated in a fact relevant to the market.

Brazilian iron ore mining company Vale confirmed this Wednesday that it presented, together with mining companies BHP and Samarco, a proposal worth 140 billion reais (about US$ 26.13 billion) as a settlement agreement to repair for the damages caused by the collapse of the Mariana dam (MG), which occurred in 2015.

The mining company stated that the proposal presented to the Federal Regional Court of the VI Region (TRF6) includes 37 billion reais (US$6.9 billion) in amounts already invested in reparation and compensation, a cash amount of 82 billion reais (US$ 15.3 billion) payable in 20 years to the federal government, the states of Minas Gerais and Espírito Santo and the municipalities, and 21 billion reais in obligations to meet.

"The values of the new proposal are 100%, which includes a 50% contribution from BHP Brasil and Vale as secondary debtors, if Samarco cannot finance as primary debtor," the company stated in a fact relevant to the market.

Information about the new proposal was previously disclosed by columnist Lauro Jardim, from the O Globo newspaper.

Vale reaffirmed its commitment to reparation and compensation actions related to the collapse of the Fundão de Samarco dam, of which it is a shareholder, and said that the new proposal "is an effort to reach a mutually beneficial resolution for all parties, especially for the impacted people, communities and environment, while creating definition and legal certainty for companies.