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BHP braces for Brazil dam lawsuit

2015-11-29 14:54:09| BBC News | Business | UK Edition

Mining giant BHP is bracing for a $5.2bn lawsuit from Brazil's government over the devastating collapse at the Samarco mine.

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BHP Billiton plc's Buy Rating Reiterated at SBG Securities

2015-11-28 05:22:34| Industrial Machines - Topix.net

's stock had its "buy" rating reaffirmed by research analysts at SBG Securities in a research report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 1,200 price objective on the mining company's stock.

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Brazil to sue mining companies BHP & Vale for $5bn over dam disaster

2015-11-28 03:10:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Brazils government has announced it will sue mining giants BHP Billiton and Vale for $US5.2bn after the deadly collapse of a dam at an iron ore mine sent 60 million cubic meters of mud and mine waste cascading into the Atlantic ocean and left more than 13 people dead. Environment minister Izabella Teixeira said a lawsuit would be filed demanding that the companies and the mine operator Samarco, which they co-own, create a fund of 20 billion reais to pay for environmental recovery and compensation...

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Brazil to sue BHP, Vale for $5 billion damages for dam burst

2015-11-27 20:41:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais ($5.24 billion)in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and the biggest iron ore miner, Vale SA. The dam burst earlier this month unleashed 60 million cubic meters of mud and mine waste that devastated a village, killed...

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