In 60 Seconds: Mining Companies to Pay $66 Million in Preliminary Fine

Colombian president Juan Manuel Santos announced that a plebiscite to approve or disapprove a final peace agreement with the FARC guerrillas will be held next year. Brazilian authorities have announced a preliminary fine of $66 million dollars for the mining disaster at Minas Gerais state. Speculation over the country's future has led to a hike in the price of bread. Tensions in the south China Sea have re-emerged after reports of United States bomber jets flying over the disputed area. The United Nations security council voted on thursday to stop the ongoing violence in Burundi.