Most Popular

Marvels

The Age of Empires: Architectural Marvels and Cultural Fusion

The Age of Empires: Architectural Marvels and Cultural Fusion
hummingbirds wing draught

Panama’s wild beauty: “I feel dozens of hummingbirds’ wing-draught

Suddenly, the road goes off the rails. Deep craters spread like a rash, then become…
UK banking system

UK banking system ‘secure’ after Credit Suisse rescue

After regulators approved a Credit Suisse rescue plan to calm bank anxiety, the UK’s central…
Grammy winning singer

Grammy-winning artist Anita Pointer passes away at age 74.

Anita Pointer, a member of the Grammy-winning Pointer Sisters, has passed away at the age…

Most Popular

- Advertisement -

categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. 

Highlights

Technology

Global Powers in 2024: Technology, Military, and Economic Influence Unpacked

As we delve into 2024, the landscape of global power is shaped by a complex interplay of technological advancements, military capabilities, and economic influence. Understanding the dynamics among leading nations requires an examination of their strategic priorities and how they leverage their strengths to assert influence on the world stage. This article unpacks the multifaceted nature of global powers, highlighting the key players in technology, military strength, and economic dominance.
Ticketing system 1

Tickets ‘broken’ after Oasis ‘chaos’, resale site chief alleges

Viagogo's business development manager, Matt Drew, stated that Saturday's ticket sale for the band's first shows in 16 years "descended into chaos." A senior official at a resale site has stated that the ticketing system for shows, including next summer's Oasis concerts, is "broken." Viagogo's business development manager, Matt Drew, said Saturday's ticket sales for the band's first shows in 16 years "descended into chaos."
- Advertisement -

Highlights

Mines must pay $9.7bn for Brazil dam disaster

Share It:

Table of Content

  • Brazilian dam failure, 19 dead
  • BHP, Vale ordered to pay
  • Environmental, legal repercussions continue

Mining behemoths BHP, Vale, and their Samarco iron ore joint venture were ordered by a federal magistrate in Brazil to pay 47.6 billion reais (£9.67 billion) in damages for a fatal dam breach that occurred in 2015.

A massive mudslide resulted from the Fundão dam failure in the southeast of the country, claiming the lives of nineteen people.

Moreover, the Rio Doce River was significantly contaminated, thereby jeopardizing its course toward its estuary in the Atlantic Ocean.

It was immediately unclear what amount each company was obligated to pay.

According to Judge Vinicius Cobucci, the companies were responsible for “moral damages,” or intangible injury such as emotional distress endured by those impacted by the incident.

He further stated that the funds, inflation-adjusted from 2015, will be deposited into a state fund and allocated towards initiatives and projects in the region affected by the dam failure.

The court rendered its decision in response to a civil action filed by state and federal public prosecutors.

Additionally, the organization disclosed that the Renova Foundation, the mechanism through which the companies have disbursed compensation payments since December of last year, has accumulated 34.7 billion reais to date.

The companies have the opportunity to appeal the ruling.

Vale, a Brazilian company, and the Australian mining conglomerate BHP jointly established Samarco as a 50/50 venture.

Many regard the catastrophe in the state of Minas Gerais, which displaced 700 people, as one of the worst environmental disasters in the country.

Upon the dam rupture, an inundation of viscous, noxious sludge ensued, completely inundating the community of Bento Rodrigues.

Widespread Impact, Dam Collapse Inquiry

Six hundred fifty kilometers away, it contaminated the Atlantic Ocean and Rio Doce. This caused wildlife extinction and contaminated the water supply of hundreds of thousands of people.

A report published in 2016 determined that design defects were responsible for the dam’s collapse.

Samarco’s joint owners, BHP and Vale, committed the technical report but failed to attribute blame for the catastrophe.

“Tailings” dams, which store mining byproducts, frequently feature walls composed of composite material resembling clay sediment and sand particles.

According to the report, a modification to the design of the Fundão dam from 2011 to 2012 resulted in reduced water drainage efficiency, which ultimately precipitated the dam’s failure on November 5, 2015.

“Take a step towards financial freedom – claim your free Webull shares now!”

Sand in dam walls became soaked and liquid, causing “liquefaction”.

The report added that a minor earthquake that occurred on the day the dam ruptured may have “accelerated” the failure.

The calamity instigated a thorough examination of safety protocols within the mining sector.

In the United Kingdom, BHP and Vale are also defendants in a class action litigation with over 700,000 plaintiffs.

Vale’s second sediment dam collapsed near Brumadinho in January 2019, killing 270 people.

Labour claims £25m bonuses for water bosses post-election

Tags :

Creative Media News

Leave a Reply

Grid News

Latest Post

Creative Media News is your premier source for the latest updates in finance, technology, and world events. Our dedicated team of journalists delivers in-depth analysis, breaking news, and expert opinions to keep you informed and engaged. Whether you’re interested in stock market trends, innovative tech, or global affairs, we’ve got you covered. Stay ahead with our reliable, timely, and insightful content. Join our community of readers who trust Creative Media News for accurate, up-to-date information. Follow us for daily updates and stay connected with the world’s most important stories.

Latest News

Latest Business News

Copyright © 2024 Creative SEO Hub. All Right Reserved.