Magyar Aluminium Zrt., the Hungarian alumina company whose reservoir of toxic red sludge burst last week, is ready to pay a total of 1.5 billion forint （$7.6 million） in compensation to affected people over five years, chairman Lajos Tolnay told Borsod Online.
Mal is committed to paying compensation “even if it’s not possible to say yet who was responsible” for the spill that inundated three villages and killed at least nine people, the news website said, citing an interview with Tolnay.
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