BHP Group PLC Samarco funding - restart preparation (9431R)
01 Noviembre 2019 - 1:00AM
UK Regulatory
TIDMBHP
RNS Number : 9431R
BHP Group PLC
01 November 2019
NEWS RELEASE
Release Time IMMEDIATE
Date 1 November 2019
Release Number 19/19
Samarco funding - restart preparation
BHP has approved US$44 million for BHP Billiton Brasil Ltda's
share of funding for work related to the restart of one
concentrator at Samarco Mineração S.A.'s (Samarco) operations at
its Germano complex in Minas Gerais, Brazil. Samarco's operations
were suspended following the failure of the Fundão dam on 5
November 2015.
The funding will enable the construction of a filtration plant
over the next 12 months and the commencement of operation readiness
activities for restart.
On Friday 25 October 2019 the Mining Activities Chamber of the
State Council for Environmental Policy in Minas Gerais, Brazil,
granted the Corrective Operating Licence for Samarco's operating
activities at its Germano Complex.
Samarco has now obtained all environmental licenses required to
progress towards operational restart. Restart can occur when the
filtration system is complete and Samarco has met all necessary
safety requirements, and will be subject to final approval by
Samarco's shareholders.
BHP Billiton Brasil Ltda. and Vale S.A. each hold a 50 per cent
interest in Samarco.
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