Cost for Braskem of Alagoas geological problem rises to $2.2 bn

Petrochemical Braskem saw the cost for closing its rock-salt operation in Alagoas rise again, which authorities blame for causing land subsidence in the capital city Maceió. In addition to the R$8.5 billion ($1.5 bn) it had already set aside for the case, it now expects to spend another R$3 billion ($555 mm) to close the mine, for a total of R$11.5 billion ($2.2 bn).

Source: Valor Internacional