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Brazil Seizes Funds of Company Responsible for Mining Disaster
Sunday, November 29, 2015 19:09
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A court in Brazil has confirmed the freezing of around US$78 million Thursday from the accounts of Samarco, the operator of an iron ore mine that sparked a major environmental disaster earlier this month.
The funds will be held by Brazil’s central bank and may be used to provide compensation to victims of the disaster, according to government officials close to the matter.
Samarco has already been hit with fines of over US$60 million since a dam at one of its facilities burst on Nov. 5, leading to the flooding of surrounded areas and the displacement of hundreds of residents. At least 12 people have been confirmed dead in connection with the disaster and there are mounting concerns of a long-term health crisis …. http://www.telesurtv.net
Source: http://luismmx.blogspot.com/2015/11/brazil-seizes-funds-of-company.html
