Samarco to invest up to $2.8 billion by 2028 to reach 100% capacity
The Germano complex. Image from Samarco.
Brazilian miner Samarco plans to invest $2.2 billion to $2.8 billion by 2028 in order to return 100% of its output capacity, an executive of the joint venture between Vale and BHP said on Monday.
Samarco in recent years has been ramping up production that was halted after a 2015 tailings dam collapse that killed 19 people.
At 100% capacity, it would produce approximately 26 million to 27 million metric tons of iron ore pellets per year.
(By Marta Nogueira; Editing by Nick Zieminski)
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