samarco view

Samarco Reparations

Samarco Mineração is a 50:50 iron ore operation joint venture between Vale and BHP Brasil, founded in 1971, operated independently by Samarco. In November 2015, Samarco's Fundão dam, located in Mariana, Minas Gerais, failed. There were 19 fatalities, in addition to impacts to communities and the environment. BHP responded quickly, providing Samarco with all the support needed for immediate actions.

BHP has been fully committed to supporting the extensive ongoing remediation and compensation efforts through Fundação Renova (Renova Foundation) in Brazil. 

The Renova Foundation is a non-profit, private foundation established to repair the social, community and environmental impacts of the dam failure. The Foundation exists as a result of the Transaction and Conduct Adjustment Term (TTAC), signed by the companies in 2016, with the participation of the Federal Government and other public entities. The term defines the scope of action of the Renova Foundation, which implements and supervises 42 reparation programs that cover compensation and financial assistance, resettlement, environmental repair and even support infrastructure for impacted people and communities.

Timeline since the Fundão dam collapse

Event:

2015 - Fundão dam collapse 2016 - Establishment of the Renova Foundation 2017 - First meeting of the Renova Board 2018 - Signing of Governance agreement, ensuring greater participation of those affected in the process 2019 - Start of construction of houses in the Bento Rodrigues 2020 - Start of payments of R$830 million (Integrated Agenda) to the Municipalities 2021 - Completion of works in the Bento Rodrigues municipal schools 2022 - Symbolic delivery of the Bento Rodrigues district to the Mariana City Hall 2023 - First family moved to Bento Rodrigues | Bento Rodrigues first business opened (grocery store).
  • 2015 Fundão dam collapse
  • 2016 Establishment of the Renova Foundation
  • 2017 First meeting of the Renova Board
  • 2018 Signing of Governance agreement, ensuring greater participation of those affected in the process
  • 2019 Start of construction of houses in the Bento Rodrigues
  • 2020 Start of payments of R$830 million (Integrated Agenda) to the Municipalities
  • 2021 Completion of works in the Bento Rodrigues municipal schools
  • 2022 Symbolic delivery of the Bento Rodrigues district to the Mariana City Hall
  • 2023 First family moved to Bento Rodrigues | Bento Rodrigues first business opened (grocery store).

Delivery to date

 As at February 2024

BHP Brasil has allocated US$6.5 billion in provisions for the Samarco Dam failure

Environment

Efforts being taken to restore the environment.

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