The State of Bahia (where the mine is located) surely has more pressing needs to use the ICMS money rather than give it to a company that has shown, over time, that it does not manage money well.
... and back to the Tailing Dam, where will MBN find US$6 billion for when their own dam bursts? remember the cracks? well ... watch Samarco sink .... Brazil is NOT India ...
Better the government let MBN die and invest money in something more profitable, like social security ...
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
