BHP share price marching higher on $44 billion Samarco settlement news
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The BHP Group Ltd (ASX: BHP) share price is marching higher today.
Shares in the S&P/ASX 200 Index (ASX: XJO) mining stock closed Friday trading for $42.06. In morning trade on Monday, shares are swapping hands for $42.72 apiece, up 1.56%.
For some context, the ASX 200 is up 0.77% at this same time.
This comes amid an uptick in the iron ore price, and as BHP reports it is negotiating a settlement proposal of approximately $170 billion Brazilian real (AU$44.2 billion). That proposed settlement would go to the people, communities and environment impacted by the 2015 Samarco Fundao iron ore tailings dam collapse in Brazil.
The Fundao Dam was owned and operated by Samarco, a non-operated 50/50 joint venture…
