01 PM | 16 Nov

#BHP Billiton #mining #disaster wipes out Mariana in Brazil #sosriodoce [#geekgirl]

Posted by Leonel Zozoiaça on Sunday, November 15, 2015

Samarco is the mining company that built and operated the mine. It is a joint venture, owned by BHP Billiton, and the Brazilian iron ore giant Vale SA.

When the dam burst , it almost wiped out the town of Bento Rodrigues.

So far nine people have died and 19 are still missing.

Brazil’s #environmental regulator fined Samrco almost $100 million. It is not nothing, but it is a fraction of the damage this disaster has caused.

The full cost may not be apparent for years but estimates of a billion dollars do not seem exaggerated.

And that multi-million dollar fine will not be the end of the matter.

Source: ABC