trending Market Intelligence /marketintelligence/en/news-insights/trending/_uicb2sm3kfjiu1dp3z8lw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

BHP expects to complete Samarco repair work by year-end

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


BHP expects to complete Samarco repair work by year-end

BHP Billiton Group expects to complete repairs on the tailings dam at its Samarco iron ore joint venture in Brazil by the end of the year.

"Works are underway by Samarco on the dam structures to contain the remaining tailings materials and to treat sediment between the Fundão Dam and the Neves Risoleta plant," the company said in an Oct. 7 statement.

The mine is operated by Samarco Mineração SA, which is jointly owned by BHP Billiton and Vale SA.

The Fundão tailings dam at the Samarco mine ruptured in early November 2015, flooding nearby communities and waterways in the Minas Gerais state with about 32 million cubic meters of tailings sludge. The incident claimed the lives of 19 people.

The Brazilian government and the two companies reached a settlement in March, which saw Samarco, Vale and BHP Billiton agree to establish the Renova Foundation to shell out 4.4 billion Brazilian reais for the rehabilitation through 2018.

Under the framework agreement, the companies will ensure the integrity of impacted dams and progressively restore water quality in the nearby river system.

As of Oct. 6, US$1 was equivalent to 3.23 Brazilian reais.