President Dilma Rousseff announced the penalties for co-owners BHP and Vale,after final week’s dam burst coated two states in mud and wasteShares in mining giant BHP Billiton have fallen to original 10-year lows after Brazil imposed an initial fines of 250m reais ($66.2m) on its co-owned operation where two dams burst, killing at least seven people and coating a two-state area with mud and mine waste.
The fines, and announced after Brazilian president Dilma Rousseff flew over the affected area on Thursday,come as federal prosecutors announced plans to work with state prosecutors to investigate possible crimes that could have contributed to the catastrophe at the mine, jointly owned by multinational mining companies BHP and Vale. Related: Deadly dam burst in Brazil prompts calls for stricter mining regulations Continue reading...
Source: theguardian.com