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BHP, Vale’s disaster relief fund to increase spending by 25% in 2021

Reuters | February 5, 2021 | 1:59 pm Top Companies Latin America Iron Ore 
The mix of reddish mud, water and debris from the Samarco disaster reached the Atlantic Ocean in a matter of days. (Screenshot from PigMine 7, via YouTube)

The Renova Foundation, set up by BHP Group and Vale SA to compensate for a deadly dam burst at a jointly owned Brazilian mine in 2015, will spend 5.86 billion reais ($1.09 billion) this year, up about 25% from 2020, its executive-director told Reuters in an interview on Friday.

($1 = 5.37 reais)

(By Marta Nogueira and Gram Slattery; Editing by Brad Haynes)

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