Advertisement
Australia markets closed
  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     
  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     
  • AUD/USD

    0.6605
    -0.0016 (-0.24%)
     
  • OIL

    78.29
    -0.97 (-1.22%)
     
  • GOLD

    2,375.70
    +35.40 (+1.51%)
     
  • Bitcoin AUD

    91,404.90
    -2,373.34 (-2.53%)
     
  • CMC Crypto 200

    1,254.57
    -103.44 (-7.62%)
     
  • AUD/EUR

    0.6129
    -0.0009 (-0.15%)
     
  • AUD/NZD

    1.0971
    +0.0003 (+0.02%)
     
  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     
  • NASDAQ

    18,151.49
    +38.02 (+0.21%)
     
  • FTSE

    8,433.76
    +52.41 (+0.63%)
     
  • Dow Jones

    39,482.35
    +94.59 (+0.24%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

Brazil to sue dam spill mining companies for $5.2 billion

Brazil's government says it will sue mining giants BHP Billiton and Vale for $5.2 billion in clean-up costs and damages after the deadly collapse of a waste water dam at an iron-ore mine

Brazil's government said Friday it will sue mining giants BHP Billiton and Vale for $5.2 billion in clean-up costs and damages after the deadly collapse of a waste water dam at an iron-ore mine.

Environment Minister Izabella Teixeira said a lawsuit would be filed demanding the companies, plus mine operator Samarco, which they co-own, create a fund of 20 billion reais. The money would go to environmental recovery and compensation for victims.