BHP dam collapse consequences

BHP Billiton and Vale have set up an emergency fund to help affected families and for rebuilding works at the Samarco mine in Brazil.  

BHP Billiton and Vale have set up an emergency fund to help affected families and for rebuilding works at the Samarco mine in Brazil.

 

The ABC reported  BHP's deadly dam collapse linked to ramping up production• by Four Corners’ Ben Knight, Clay Hichens and Joel Tozer • Monday February 29,2016

“When millions of cubic metres of mining waste burst from a dam at BHP's joint-venture iron ore mine in Brazil, 19 people died, livelihoods were destroyed, and an environmental disaster was created that will cost billions of dollars to repair. Now, Four Corners has seen evidence of problems at the mine dating back almost a decade.” Read more

The Wall Street Examiner reportedWhat’s Next for the BHP Stock Price After Its Dam Collapse Trail of Death and Destruction in Brazil•by Diane Alter • November 30, 2015 Read More

The Australian reported today “The Brazilian government is ­within days of laying down a roughly $5 billion settlement plan for BHP’s Samarco iron ore joint venture that will pave the way for a resumption of mining operations following the fatal dam collapse at the mine.” by John Durie• Wednesday March 2, 2016   Read More