Under terms of the deal with officials from Minas Gerais state, Samarco must set out new emergency measures in the event of further collapses in its dam network. The company must also keep a helicopter on 24-hour standby for rescue teams.
Samarco is a joint-venture of mining giants Vale and BHP Billiton.
At least 17 people were killed when a massive wave of debris from an iron-ore mine broke through the Fundao dam on Nov. 5. The mud polluted hundreds of miles of waterways in two states in southeastern Brazil, devastating wildlife.