Brazil prosecutor threatens to torpedo $5 bn dam burst settlement http://ift.tt/1oQAuOy

A nearly $5 billion expected settlement for last year's toxic flood that killed 17 people in Brazil could be challenged by prosecutors, who say the amount is not enough. The government has signaled that Samarco, co-owned by giants Vale and BHP Billiton, is ready to pay 20 billion reais for the collapse of a waste water dam at its iron ore mine in Minas Gerais on November 5. The accident, which unleashed a massive flood of mud into the River Doce, was described as Brazil's worst ever environmental disaster.

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