In an uncanny replication of last week’s red mud disaster in Hungary, a settling pond gave way on October 8th at the Moma wet-dredge titanium mine in Mozambique. Flood waters coursed into a nearby village, leading to the disappearance – and likely drowning – of a four-year old girl.
Kenmare Resources, London-listed Irish owner of the mine, immediately halted output, while its share value plummeted on the London Stock Exchange. Moma came into full production only a year ago and is the newest of its kind in Africa.