€4.9bn lawsuit hits BHP Billiton

BHP Billiton shares fell sharply yesterday after Brazil announced plans to sue the mining company and its partners for 20bn reais (€4.9bn) over the bursting of a dam.
€4.9bn lawsuit hits BHP Billiton
Tue, 01 Dec, 2015 - 00:00
James Regan and Mark Potter

The dam, holding back waste water from the Samarco mine in southeastern Brazil, burst on November 5, polluting a major river valley and killing at least 13 people.

Brazil’s federal and state governments on Friday announced plans to sue Samarco’s co-owners, BHP and Brazilian miner Vale for damages.

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BHP BillitonBrazilDamPlace: southeastern BrazilPlace: Rio Doce valleyPerson: Jac NasserPerson: Luís Inácio AdamsPerson: NasserPerson: SamarcoOrganisation: BHP BillitonOrganisation: BrazilOrganisation: SamarcoOrganisation: BHPOrganisation: Reuters
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