Brazil shuts mudslide mine in new blow to companies

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MARIANA, Brazil: Brazilian authorities said Monday they have halted operations at an iron ore mine where the collapse of a waste reservoir triggered a deadly mudslide, the latest blow to co-owners BHP Billiton and Vale. At least four people were killed and around 20 are missing after a deluge of mud and mining sludge burst through retaining walls at the Samarco mine Thursday and buried most of the nearby village of Bento Rodrigues. The mine, a joint venture between Australia’s BHP Billiton and Brazil’s Vale, “can only resume operations once the investigation is finished and measures are taken to repair the damage,” said a spokeswoman for the environment office in the southeastern state of Minas Gerais. The two mining giants have seen their stock prices plunge since the disaster.

AFP

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