Subscribe free to our newsletters via your
. Earth Science News .


Subscribe free to our newsletters via your




















FROTH AND BUBBLE
Brazil mine disaster company settles for $6.2 billion
By Eugenia LOGIURATTO
Brasília (AFP) March 2, 2016


The owners of an iron ore mine in Brazil where a burst dam spewed a toxic flood, flattening a village and killing 19 people, settled with the government Wednesday for $6.2 billion.

Representatives of Samarco -- co-owned by Brazil's Vale iron ore giant and the Anglo-Australian BHP Billiton, the world's biggest mining company -- signed the accord in the capital Brasilia.

President Dilma Rousseff said the settlement would help heal "a tragedy without precedent."

The funds, which will go toward social and environmental damages, will be paid out over 15 years.

Twenty billion reais ($5.1 billion) is earmarked for damages and an extra 4.4 billion reais ($1.1 billion) is specifically allocated for investments aimed at providing compensation for irredeemable losses.

Rousseff underlined that the heavy financial costs for Samarco might not end there.

"There will be complete restoration of socio-economic conditions and of the affected environment. And I want to emphasize: There will be no financial limits until there is full reparation," she said.

"We want to build a new life on the ruins."

- Destruction and 'homicide' -

The November 5 accident near Mariana in Minas Gerais state began when a tailings dam at Samarco's mine failed, unleashing the flood of polluted water and mud into the River Doce, one of the most important in Brazil.

A village was destroyed, drinking water supplies for hundreds of thousands of people were interrupted and damage reached as far as the river's mouth on the Atlantic coast, with wildlife, tourism businesses and fishing communities all suffering.

Seventeen people were confirmed killed and two are missing, presumed dead.

BHP Billiton CEO Andrew Mackenzie called the agreement an important step toward recovery and said his company was making a "commitment to repairing the damage caused and to contributing to a lasting improvement in the Rio Doce."

Paulo Hartung, governor of Espirito Santo state, which also straddles the River Doce, said the toxic flood marked "the biggest environmental disaster in the history of Brazil."

Last month, police announced homicide charges against six Samarco executives, including the CEO at the time of the accident, and an engineer.

Samarco and its powerful owners could still face further legal difficulties, despite Wednesday's deal.

Last week, a federal prosecutor said that he would challenge the settlement, arguing that not enough care was taken in assessing the true costs of the disaster.

"How can you define an amount if there are no criteria for evaluating the damage?" Jose Adercio Leite Sampaio said. "Where did they get this number? For us, it's a magic number... It could be 23 or 24, 30, 40 billion."

Vale reported last week that it lost $12.3 billion last year due to lower prices for iron ore, the sharp depreciation of the real, and the deadly accident at the Samarco mine. The 2015 loss followed a 2014 profit of $657 million.

.


Related Links
Our Polluted World and Cleaning It Up






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
FROTH AND BUBBLE
Environmentalists take on Indian guru over festival
New Delhi (AFP) March 1, 2016
World-famous Indian guru Sri Sri Ravi Shankar has come under fire for a mass festival to promote peace that environmentalists say risks damaging the delicate ecosystem of Delhi's Yamuna river. Critics say the World Culture Festival, to be held later this month on the banks of the river with millions of fans including India's prime minister in attendance, will cause lasting environmental dama ... read more


FROTH AND BUBBLE
Nuclear water: Fukushima still faces contamination crisis

Screening truffles for radioactivity 30 years from Chernobyl

Aid finally getting to Fiji cyclone victims

MH370 lawsuits gain pace as two-year deadline nears

FROTH AND BUBBLE
Bone research could yield stronger synthetic materials

New catalyst makes hydrogen peroxide accessible to developing world

Eco-friendly food packaging material doubles shelf-life of food products

Virtual reality is next as smartphone sales slow

FROTH AND BUBBLE
An integrated evaluation framework for water storage strategies in Sub-Sahara Africa

New research helps solve the riddle of the ocean carbon conundrum

The overlooked commotion of particle motion in the ocean

Water-cleaning chemical made 'on-demand' with new group of catalysts

FROTH AND BUBBLE
Australian icebreaker refloated in Antarctica after grounding

OGC requests information to guide Arctic Spatial Data Pilot

Australian icebreaker runs aground in Antarctica

Study of tundra soil demonstrates vulnerability of ecosystem to climate warming

FROTH AND BUBBLE
University of Guam scientist and colleagues tag coconut rhinoceros beetles

In grasslands, longer spring growing season offsets higher summer temperatures

Study: Eliminating GMOs would hurt environment, economy

S.Africa's economy slows as record drought hits farming

FROTH AND BUBBLE
New theory of deep-ocean sound waves may aid tsunami detection

Philippines affected by more extreme tropical cyclones

One dead, four missing as flooding hits Haiti

Fiji eyes more cyclone aid as toll hits 44

FROTH AND BUBBLE
US top brass urge tighter W. Africa response to Islamist threat

Kenyan cops busted with illegal ivory

Voice of China: Beijing seeks African friends and influence

Kenya army says it killed Shebab intelligence chief

FROTH AND BUBBLE
ONR Global sponsors research to improve memory through electricity

Easter Island not destroyed by war, analysis of 'spear points' shows

Neanderthals and modern H. sapiens crossbred over 100,000 years ago

Neanderthals mated with modern humans much earlier than previously thought




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News








The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.