NEWS
ENVIRONMENT   Iron Ore  

BHP and Vale’s Samarco licensed to restart operations

Samarco Mineração, a joint venture between Vale and BHP received on Friday its Corrective Operation License (LOC) for its operating activities in the Germano Complex, located in the state of Minas Gerais, Brazil.

The license was approved by the Mining Activities Chamber (CMI) of the State Council for Environmental Policy (COPAM). Samarco has now obtained all environmental licenses required to restart its operations.

The news comes four years after a tailings dam burst at Germano in November 2015, killing 19. A torrent of mud and debris was unleashed, polluting local rivers and reaching the Atlantic ocean. The incident has been called the worst environmental disaster in Brazil’s history.

Vale has previously said that it expected production at the joint venture, which is trying to restructure $3.8 billion in debt it defaulted on about a year after the accident, to resume in the second half of 2020.

The mine, which once produced nearly 25 million tonnes of iron ore a year, will restart at an annual rate of less than a third of that, Vale said, with a potential increase to 14 to 16 million within another six years.

News No: 6974
Date: 2019/10/26 - 02:28
News Source: Mining.com

COPAM  Mining Activities Chamber  Samarco Mineração  Vale  BHP 

Comments:

Leave a Comment:

   
   
   
 

Rio spending $4 billion on iron ore pipeline amid China demand

Rio Tinto Group (ASX: RIO) lifted its spending on new iron ore projects in Australia to more than $4 billion with the approval of a replacement mine at a key hub, providing a further sign of the industry’s confidence in demand led by China.
 

Two members of Vale’s board step down in connection to deadly dam disaster

Brazil’s Vale (NYSE: VALE), the world’s largest iron ore miner, announced on Monday the resignation of two board members in relation to a dam burst that killed more than 250 people in January, the second one of its kinds affecting the company’s operations in less than four years.
 

Buying iron ore is getting more like shopping on Amazon

The world’s biggest iron ore miners are looking for novel ways of satisfying their customers and protecting market share in the $150 billion global industry.
 

Vale says internal probe into tailings disaster due this month

Brazilian miner Vale will complete an internal investigation this month into a tailings dam collapse that killed more than 250 people in January, its chief executive said on Wednesday.
 

Global public consultation launched on tailings dam standards

The Global Tailings Review, an initiative launched following the tragedy at Vale’s Corrego do Feijão mine in Brazil early this year, has kicked off a six-week public consultation on a draft of global standards to improve mine safety.
 

SEC opens preliminary probe of Vale over dam tragedy

The US Securities and Exchange Commission has opened a preliminary investigation of iron ore miner Vale over the collapse of a Brazilian mining waste dam that killed more than 250 people in January, Brazil’s O Globo newspaper reported on Tuesday.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners