Losses from dam burst pegged at $308 million

The Minas Gerais state of Brazil has estimated the losses from the November 2015 dam burst at 1.2 billion Brazilian reals ($308 million), reported Reuters.

The figure does not include damage to the environment. At least 17 people were killed and about 800 people lost their homes from the mudslide caused by the dam burst. The accident happened at a mine operated by Samarco Mineracao S.A.

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