11/30/2015

Brazil to sue BHP, Vale for $5 bln in damages for dam burst

Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais ($5.24 billion)in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and the biggest iron ore miner, Vale SA.