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segunda-feira, 28 de dezembro de 2015

WHAT AMOUNT OF MONEY WILL REVERSE THAT SITUATION?

As reported in BBC News


The cause of the burst is still unclear but the Brazilian government has filed a lawsuit against Samarco, the joint venture between mining giants BHP Billiton and Vale, which owned the dam. 
The area was closed off for four weeks while rescue workers and investigators searched the mud.
A month after the disaster, Brazilian journalist Nina Nives and photographer Ismael dos Anjos travelled to Bento Rodrigues and nearby Paracatu de Baixo to examine the damage caused. 
A federal court has ruled that the potential damages from the disaster could be about 20.2bn reais ($5.2bn; £3.4bn). The companies' assets were frozen amid concerns that Samarco does not have enough resources to cover the cost of damages and compensation.
BHP's statement said the court had ordered Samarco to put 2bn reais into a court-managed bank account within 30 days. A daily fine of 1.5m reais applies for non-compliance with this deadline.

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