BHP Group PLC Samarco Update
RNS Number : 7535J
BHP Group PLC
23 December 2020
Release Time IMMEDIATE
Date 24 December 2020
Release Number 27/20
Samarco Mineração S.A. (Samarco) has met the licensing
requirements to restart operations at its Germano complex in Minas
Gerais and its Ubu complex in Espírito Santo, Brazil, and has
commenced iron ore pellet production.
Samarco's operations were suspended following the failure of the
Fundão dam on 5 November 2015.
Samarco's gradual restart of operations incorporates
concentrator 3 at the Germano complex and pelletising plant 4 at
Ubu, as well as a new system of tailings disposal combining a
confined pit and tailings filtering system for dry stacking.
Independent tests have been carried out on Samarco's
preparations for a safe restart of operations. Samarco expects
initially to produce approximately eight million tonnes of iron ore
pellets per annum.
The extensive work undertaken by the Renova Foundation (Renova)
to remediate and compensate for the damages of the failure of the
Fundão dam in 2015 continues, and BHP Billiton Brasil Ltda.
continues to support Renova in its work. By November 2020, Renova
had spent approximately BRL 10.7 billion (approximately US$2.1
billion) on its remediation and compensation programs. By November
2020, approximately BRL 3.1 billion (approximately US$620 million)
had been paid in indemnities and emergency financial aid to
approximately 325,000 people.
BHP Billiton Brasil Ltda. and Vale S.A. each hold a 50 per cent
interest in Samarco.
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(END) Dow Jones Newswires
December 24, 2020 02:00 ET (07:00 GMT)