Skip to main content

Samarco update

Published by , Editor
Global Mining Review,

BHP has agreed to fund a total of US$211 million (BHP Billiton Brasil Ltda [BHP Brasil] share) in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 31 December 2018.

An amount of US$158 million will be used to fund the Renova Foundation to undertake the remediation and compensation programmes identified under the framework agreement dated 2 March 2016 between Samarco, Vale S.A., BHP Brasil, and the Federal Government of Brazil, the States of Minas Gerais and Espirito Santo and other public authorities. This amount of US$158 million will be offset against the Group’s provision for the Samarco dam failure.

A short-term facility of up to US$53 million (BHP Brasil’s share) will be made available to Samarco to carry out ongoing repair works, maintain Samarco’s facilities and support restart planning. Funds will be released to Samarco only as required, and subject to achievement of key milestones.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


The Future of Energy-Efficient Haulage

Nik Gresshoff and Matt Youngblood, Railveyor, review how operators can cut costs and emissions by implementing an electric haulage system.


Embed article link: (copy the HTML code below):