BHP to fund Samarco pellet plant restart with $44 million

BHP will provide $44 million of the necessary funding to resume operations at Brazilian iron ore pellet producer Samarco, the Australia-based mining company said on Friday November 1.

Samarco is a joint venture between BHP and Vale and has been closed since late 2015, when a tailings dam failed and flooded the nearby Rio Doce river in southeastern Brazil.
On October 25, the pellet producer received an environmental permit needed to restart production of its Germano complex. According to Vale and BHP, that was the last license necessary to resume activities.

Samarco plans to restart operations between the third and...

Published

Renato Rostás

November 01, 2019

17:49 GMT

São Paulo