Mine Collapse Fear Hits Braskem Shares and Credit Rating

Braskem, a Brazilian petrochemical giant, is facing a critical situation in Maceió, Alagoas state, in the Northwest of the country. Their rock salt mine near Lagoa Mundaú is at risk of collapsing, prompting a 180-day emergency declaration. The mine has shifted vertically by 1.42 meters and is sinking at 2.6 centimeters per hour, increasing fears […]

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