BHP Billiton says Brazil to sue

Company News



BHP Billiton (ASX:BHP) says that the Brazilian Federal Government along with certain state governments will today begin legal proceedings against Samarco, Vale and BHP for around $5.2 billion in clean-up costs and damages. 
 
At this stage six people remain missing after a dam burst sent 60 million cubic meters of mud and mine waste pollution into a major river valley. 13 people are confirmed dead. 
 
The money is to be used for environmental clean-up of the Rio Doce valley over the next 10 years. 
 
BHP reported a net profit of $3.74 billion for the 2015 financial year. 

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