Vale-BHP joint venture was shut after deadly dam spill in November – Samarco produced a fifth of global seaborne iron ore pellets supply before the disaster.
Gold vaults $1,300 an ounce as inflation, dollar, stock market and geopolitical fears mount and interest rate around the world move into negative territory.
While Falco Resources fully owns the Quebec-based Horne project, Glencore has the right to buy back the 65% stake in the mine it inherited when it bought Xstrata.