BHP Billiton Ltd., the world’s
biggest mining company, said Papua New Guinea’s decision to
legislate to make the company liable for environmental damage
caused by the Ok Tedi mine raised the nation’s sovereign risk.......
Mining waste, known as tailings, from the Ok Tedi copper-gold mine caused damage to the Fly River in the 1980s and 1990s.
In 2002, BHP transferred its majority share in the mine to the
PNG Sustainable Development Program Ltd., and in return was
granted legal immunity. The mine has continued to operate.
http://www.bloomberg.com/news/2013-09-19/bhp-says-png-removing-ok-tedi-protections-raises-sovereign-risk.html
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