"BHP has been very careful to underline that its role has been to help Samarco cover the costs and not to meet the costs itself. And it sees its obligation as helping to Samarco as a co-contributor with Vale. If successful, that strategy limits BHP’s exposure"
Exactly, Samarco is a Brazilian Ltd company and you cant sue a limited company for more than it is worth.They dont mention that Samarco and Vale fund the political campaigns of politicians who are in government and if they want to stay in power they better look after there cash cows.
"But if Vale can’t or won’t make the required contributions and Samarco collapses, then it’s the party with money that is most vulnerable."
Then Vale goes bankrupt and BHP buys Vale's assets at a basement bargain price.
..but the whole thing is way overblown, the next time it rains and the river clears itself - all will be forgotten and it will be business as usual.
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Last
$44.27 |
Change
0.590(1.35%) |
Mkt cap ! $224.3B |
Open | High | Low | Value | Volume |
$44.45 | $44.66 | $44.27 | $536.8M | 12.09M |
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No. | Vol. | Price($) |
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1 | 1000 | $44.25 |
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4 | 936 | 44.200 |
3 | 1060 | 44.100 |
1 | 1000 | 44.050 |
1 | 500 | 44.030 |
Price($) | Vol. | No. |
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44.380 | 200 | 1 |
44.430 | 340 | 1 |
44.450 | 1700 | 1 |
44.490 | 1015 | 1 |
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Last
$44.37 |
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Change
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Open | High | Low | Volume | ||
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