Mongoose: Brazil to Sue Samarco Mining for $5.2 Billion Over Dam Burst

03 Economy, 03 Environmental Degradation
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Mongoose

The tide is turning. True cost economics is going to come into full force in the next decade.

Brazil to sue Samarco mining firm for $5.2bn over dam burst

“It is not a natural disaster, it is a disaster prompted by economic activity, but of a magnitude equivalent to those disasters created by forces of nature.” She said about 500km (310 miles) of the Rio Doce – one of Brazil’s most important rivers – would have to be dredged in parts, vegetation replanted and fresh water springs cleared.