BHP and Vale Release Joint Statement Following Samarco Dam Devastation

BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) CEO Andrew Mackenzie and Vale (NYSE:VALE) CEO Murillo Ferreira released a joint statement regarding the Samarco iron ore mine tailings dam failure.
As quoted in the press release:

Together with Jimmy Wilson, BHP Billiton President Iron Ore and Peter Poppinga, Vale Executive Director, Ferrous Minerals, we spent this morning on site at the Samarco mine with CEO, Ricardo Vescovi De Aragão, and meeting with community leaders.
Our immediate priority is to understand the full extent of the consequences of the tailings dam breach and how we can provide further help.
We visited the tailings dam complex, including the site of the failed Fundão dam and affected downstream Santarém dam as well as the Germano dam which is being closely-monitored by Samarco.
We also met with the Samarco incident response teams and civil authorities who have worked tirelessly to evacuate the local community and search for missing people.
On behalf of all of the employees of Vale and BHP Billiton, we offer our profound sympathies to the family, friends and loved ones of the people who died as a result of this tragic incident. We are deeply concerned for the welfare of the employees, contractors and members of the local community who are still missing. Our thoughts are with you all in this distressing and uncertain time.
We were overcome when we saw the devastation in and around Bento Rodrigues. We cannot rebuild the lives of the families who have lost loved ones but we redouble our commitment to Samarco to support the response effort.
As an immediate step, Vale and BHP Billiton pledge to support Samarco in creating an Emergency Fund for rebuilding works and to help the affected families and communities. It is our intention to work with the authorities to get this fund functioning as soon as practicable.

Click here to read the full BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) press release.