Clean up operation to begin after dam burst
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Clean up operation to begin after dam burst

The company running an iron ore mine whose dam break caused the worst environmental disaster in Brazil’s history has agreed to initially pay 4.4 billion reais ($1.1 billion) to clean up the Doce River over the next three years.

Samarco says that it will pay the money to a foundation in charge of restoring the river basin. Beginning in 2019, the company will fund the foundation’s annual budget of 800 million to 1.6 billion reais ($205 million to $410 million).

The dam mine failed in November, unleashing a flood of toxic mud that killed 19 people, wrecked several towns and damaged the environment along the river.

Samarco is a joint venture of the giant mining companies Vale of Brazil and BHP Billiton of Australia.

See more:

Brazil’s worst-ever mining disaster just keeps getting worse

21 feared dead after dam disaster in Brazil – Is mining a negligent industry?