Judge blocks Brazilian assets of Vale, BHP after dam burst

Posted by Reuters: Stephen Eisenhammer and Bruno Marfinati on December 19th, 2015
Reuters: A judge in Brazil's state of Minas Gerais has frozen the Brazilian assets of mining giants BHP Billiton and Vale SA after determining their joint venture Samarco was unable to pay for damage caused by the bursting of a dam at its mine last month. In a ruling issued late on Friday, the judge ruled that Vale and BHP could be held responsible for the disaster at the iron ore mine in the state of Minas Gerais, for which the government is demanding 20 billion reais ($5 billion). Vale and BHP each......

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