Oil trader to pay $288m to Ivory Coast

ABIDJAN - Dutch-based oil trader Trafigura said today it would pay a 100 billion CFA franc ($288 million) settlement to Ivory Coast after thousands of people fell ill when waste was unloaded from a ship it sent there.

The money will be used largely to reimburse costs the state incurred for having the waste removed and the cost of medical treatment for those affected after it was dumped in open-air sites around the Ivorian economic capital Abidjan last August.

At least 10 people were killed after exposure to the fumes.

- REUTERS