There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses.
Samarco Mining News
Samarco, a joint venture of Vale SA and BHP Billiton, expects to obtain next year all licenses needed to resume operations.
Samarco expects to obtain next year all licenses needed to resume operations suspended after the 2015 environmental disaster.
Samarco's operations have been suspended since Brazil's mining disaster.
Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.
The accident killed 19 people, left hundreds homeless and unemployed and caused sludge to wash downstream into the neighbouring state of Espírito Santo.
Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.
According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.
Samarco JV iron ore mine in Brazil remains closed two years after deadly dam burst.
30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.
Brazil's suspended iron ore producer Samarco misses another payment on its $3.8 billion debt as it struggles to stay afloat following deadly dam burst.