Java Mud Volcano: Economic Damages Estimated $8.6 Billion
The Java mud volcano continues to erupt at the same pace as before, showing no signs of stopping. Indonesia’s national planning agency has put the economic damages at $334 million a month and says the final bill could be as high as $8.6 billion. There are a number of environmental impacts as well since the mud is contaminated with heavy metals, benzene and sulfur dioxide. More…