BHP Approves US$44 Million for Samarco Plant Restart
01 November 2019 - 05:19PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--BHP Group Ltd. (BHP.AU) said it has approved to spend
US$44 million on restarting one concentrator at the Samarco
iron-ore operations it jointly owns with Vale SA (VALE).
BHP said the sum will cover its share of funding for the
construction of a filtration plant over the next 12 months and "the
commencement of operation readiness activities for restart."
Samarco's operations have been suspended since a deadly tailings
dam disaster in November, 2015.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
November 01, 2019 02:04 ET (06:04 GMT)
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