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Thursday, September 19, 2013

PNG makes BHP liable for environmental damage from mine

Under the 2001 deal BHP Billiton offloaded its majority stake to a Singapore-based charitable trust called PNG Sustainable Development Program (PNGSDP) Limited, which administers ongoing profits from the mine to development projects in pollution-hit Western Province.
The PNG government -- until Wednesday -- owned the remaining 37 percent stake in Ok Tedi.
In exchange, BHP was protected from compensation claims by landholders for the damage from the collapse of its tailings dam and flow of hundreds of millions of tonnes of waste into local waterways, inundating villages and destroying vast tracts of forest.
http://www.foxnews.com/world/2013/09/19/png-makes-bhp-liable-for-environmental-damage-from-mine/

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