Samarco, Vale, BHP to Pay R$155B for Dam Burst in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The Ministerio Publico Federal – MPF (Federal Prosecutors Office) in Brazil has filed a civil suit against Samarco mining company and its controllers, Brazilian Vale and Anglo-Australian BHP Billiton for R$155 billion for the damages caused when a dam burst in early November of 2015, spilling toxic waste into the countryside and contaminating one of the largest rivers in the region.

"The study (already conducted) does not portray the full extent of the damage. We will need a diagnosis of at least two years to have a better assessment . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?