Under the terms of the agreement, BHP has agreed to pay the plaintiffs US$50 million, with no admission of liability. The agreement is subject to approval by the District Court.
Governance Agreement ratified
On 25 June 2018, BHP announced that various parties had entered into a Governance Agreement, which settles the BRL20 billion civil claim, enhances community participation in decisions related to the remediation and compensation programmes under the framework agreement (programmes), and establishes a process to renegotiate those programmes over two years and to progress settlement of the BRL155 billion civil claim.
On 8 August 2018, the 12th Federal Court of Minas Gerais formally ratified the Governance Agreement.
