BHP Says No Samarco Debt-Agreement Reached, No Plans to Reopen Yet
January 29 2019 - 1:58AM
Dow Jones News
By Adria Calatayud
BHP Group PLC (BHP.LN) said Tuesday that its Brazilian iron-ore
mining venture Samarco Mineraçao SA hasn't reached an agreement on
the restructuring of its financial obligations, and has no plans
immediately to reopen.
Samarco's operations will restart only if it is safe and
economically viable and has the support of the community, BHP said.
For operations to resume will require the granting of licenses by
state and federal authorities and community hearings, it said.
The Samarco mine has been shut since a 2015 tailings-dam
collapse that killed 19 people,
BHP and Brazil's Vale S/A (VALE3.BR) each hold a 50% interest in
Samarco.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
January 29, 2019 02:43 ET (07:43 GMT)
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