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

03 Economy, 03 Environmental Degradation

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.