Vale expects to close deal over Brazil dam collapse in October

Brazilian miner Vale expects to reach a final agreement with authorities in October regarding reparations related to the collapse of a dam in the city of Mariana, it said on Wednesday in a securities filing.

Last week, Reuters reported that Vale, BHP and their joint venture Samarco could soon reach such an agreement to pay around 100 billion reais ($17.6 billion), with the final terms of the deal expected to come in October.