Brazil sues BHP, Vale for 20b reais to clean up mining disaster
Suit requires BHP-Vale-owned Samarco to take immediate action to contain and reduce environmental impact of the dambust
Brasilia
BRAZIL filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais (S$7.3 billion) to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam.
The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the world's largest miner BHP Billiton Ltd and the biggest iron ore miner Vale SA.
Earlier on Monday, President Dilma Rousseff blamed the disaster on the "irresponsible action of a company" in a speech to the COP21 climate change summit in Paris. "We are severely pu…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Japan’s Mitsui to develop Vietnam gas field for US$740 million
Trafigura pleads guilty, agrees to pay about US$127 million to settle US probe
Oil rises more than US$1 a barrel on tighter supply outlook
Freeport warns copper export ban could cost Indonesia US$2 billion in lost revenue
More than 20% of global oil refining capacity at risk: analysis
China lifts tariffs on Australian wine, ends three-year freeze in trade