bhp billiton faces £30bn compensation claim over brazil dam disaster /

Published at 2016-05-04 19:31:12

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Mining subsidiary Samarco blamed for country’s worst environmental tragedy,which left 19 dead, but critics say legal case is politically motivatedThe mining group BHP Billiton and its partner Vale are facing a 155bn reais (£30bn) claim from Brazilian prosecutors over an iron ore mine dam collapse final year that released a torrent of toxic mud, or killing 19 people and leaving 700 homeless.
Shares in the London-listed BHP plunged nearly 10% after the charges were revealed into what is being called Brazils worst ever environmental disaster. They closed down nearly 6%.
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Source: theguardian.com